PARK LODGE, PENGERSICK LANE, PRAA SANDS, PENZANCE, TR20 9SQ - £174,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PARK LODGE is a very small detached house of 80m², which could now be worth an estimated £273,492. It was last sold for £174,500 in October 2011, which was around 37% below the average October 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was E.

PARK LODGE Sold Prices

Land registry data shows five sales for PARK LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five PARK LODGE sales were for below 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
2011 18 OCT	£174,500	£278,973	37% below HPI
2006 23 MAY	£127,000	£272,057	53% below HPI
2003 12 DEC	£90,000	£227,369	60% below HPI
2001 14 AUG	£38,500	£134,051	71% below HPI
1999 13 APR	£25,000	£94,624	74% below HPI

PARK LODGE 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 five PARK LODGE sales between April 1999 and October 2011 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 May 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the October 2011 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might PARK LODGE be worth now?

PARK LODGE might now be worth an estimated £273,492.

This is based on house price inflation of 56.7%, between October 2011 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.7% inflationary increase is applied to the most recent sale price for PARK LODGE of £174,500 on 18th October 2011. For the value to have increased from £174,500 to £273,492 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of PARK LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2011 sale price of £174,500 represented a fair market value for the property.
• The size, condition, and specification of PARK LODGE has not materially changed since October 2011.

How Large is PARK LODGE?

PARK LODGE is 80m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 10% of detached houses houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Praa Sands, and where PARK LODGE lies on this distribution: 4% of detached houses houses are smaller than PARK LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

PARK LODGE: Plot and Title Map

PARK LODGE sits on a plot of roughly 351.6 acres, or 1,422,725m². The below map shows the location of PARK LODGE, 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 PARK LODGE). 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 PARK LODGE?

PARK LODGE is located on PENGERSICK LANE in PRAA SANDS, in the TR20 postcode district. The below map shows the position of PARK LODGE on PENGERSICK LANE.