PALM VILLA, PENGERSICK LANE, GERMOE, PENZANCE, TR20 9RB - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PALM VILLA is a small extended detached house of 103m², built sometime between 1967 and 1975. It was last sold for £225,000 in November 2012, which was around 16% below the average November 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2011, where the current energy rating was F, and the potential energy rating was E.

PALM VILLA Sold Prices

Land registry data shows two sales for PALM VILLA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two PALM VILLA sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 9 NOV	£225,000	£269,114	16% below HPI
2002 26 SEP	£192,000	£175,013	10% above HPI

PALM VILLA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two PALM VILLA sales from September 2002 and November 2012 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2002 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2012 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is PALM VILLA?

PALM VILLA is 103m², which includes two extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of detached houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses by size in Germoe, and where PALM VILLA lies on this distribution: 34% of detached houses are smaller than PALM VILLA, and 66% of houses are larger. Note that EPC data is not available for all properties in Germoe.

PALM VILLA: Plot and Title Map

PALM VILLA sits on a plot of roughly 0.178 of an acre, or 721m². The below map shows the location of PALM VILLA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of PALM VILLA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is PALM VILLA?

PALM VILLA is located on PENGERSICK LANE in GERMOE, in the TR20 postcode district. The below map shows the position of PALM VILLA on PENGERSICK LANE.