PARK VEAN, SARACEN WAY, PENRYN, TR10 8PW - £299,000

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

PARK VEAN is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £299,000 in February 2015, which was around 4% above the average February 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

PARK VEAN Sold Prices

Land registry data shows three sales for PARK VEAN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the three PARK VEAN sales was for above the average price, whilst two 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
2015 6 FEB	£299,000	£287,779	4% above HPI
2012 6 JAN	£240,000	£269,821	11% below HPI
2004 24 SEP	£243,000	£257,040	5% below HPI

PARK VEAN 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 three PARK VEAN sales between September 2004 and February 2015 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 January 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is PARK VEAN?

PARK VEAN is 77m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% of detached houses in Penryn, based on EPC data. The below chart shows the distribution of detached houses by size in Penryn, and where PARK VEAN lies on this distribution: 14% of detached houses are smaller than PARK VEAN, and 86% of houses are larger. Note that EPC data is not available for all properties in Penryn.

PARK VEAN: Plot and Title Map

PARK VEAN sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of PARK VEAN, 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 VEAN). 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 VEAN?

PARK VEAN is located on SARACEN WAY in PENRYN, in the TR10 postcode district. The below map shows the position of PARK VEAN on SARACEN WAY.