PENCRENNOW, PENNANCE ROAD, LANNER, REDRUTH, TR16 5TF - £340,000

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.

PENCRENNOW is a very large detached house of 165m², built sometime between 1976 and 1982, which could now be worth an estimated £467,909. It was last sold for £340,000 in July 2017, which was around 7% above the average July 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was A.

PENCRENNOW Sold Prices

Land registry data shows three sales for PENCRENNOW 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. The three PENCRENNOW sales were a mix of above the average price, and roughly equal to 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
2017 28 JUL	£340,000	£317,708	7% above HPI
2016 11 FEB	£325,000	£306,605	6% above HPI
2006 3 AUG	£275,000	£275,584	Close to HPI

PENCRENNOW 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 PENCRENNOW sales between August 2006 and July 2017 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 February 2016 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2017 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might PENCRENNOW be worth now?

PENCRENNOW might now be worth an estimated £467,909.

This is based on house price inflation of 37.6%, between July 2017 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 37.6% inflationary increase is applied to the most recent sale price for PENCRENNOW of £340,000 on 28th July 2017. For the value to have increased from £340,000 to £467,909 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of PENCRENNOW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2017 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of PENCRENNOW has not materially changed since July 2017.

How Large is PENCRENNOW?

PENCRENNOW is 165m² according to the EPC inspection conducted in November 2019. This puts it in the largest 10% of detached houses houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where PENCRENNOW lies on this distribution: 91% of detached houses houses are smaller than PENCRENNOW, and 9% of houses are larger. Note that EPC data is not available for all properties in Lanner.

PENCRENNOW: Plot and Title Map

PENCRENNOW sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of PENCRENNOW, 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 PENCRENNOW). 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 PENCRENNOW?

PENCRENNOW is located on PENNANCE ROAD in LANNER, in the TR16 postcode district. The below map shows the position of PENCRENNOW on PENNANCE ROAD.