PARK VILLA, SARACEN WAY, PENRYN, TR10 8PW - £403,500

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 VILLA is a very large extended detached house of 146m², built sometime before 1900. It was last sold for £403,500 in December 2021, which was around 1% below the average December 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

PARK VILLA Sold Prices

Land registry data shows four sales for PARK VILLA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the four PARK VILLA sales were 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
2021 10 DEC	£403,500	£409,308	1% below HPI
2007 27 JUL	£450,000	£290,664	55% above HPI
2005 18 OCT	£500,000	£262,664	90% above HPI
1996 20 DEC	£105,000	£75,408	39% above HPI

PARK 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 four PARK VILLA sales between December 1996 and December 2021 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 July 2007 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the December 2021 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is PARK VILLA?

PARK VILLA is 146m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 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 VILLA lies on this distribution: 83% of detached houses are smaller than PARK VILLA, and 17% of houses are larger. Note that EPC data is not available for all properties in Penryn.

PARK VILLA: Plot and Title Map

PARK VILLA sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of PARK 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 PARK 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 PARK VILLA?

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