PENDORIC, HAY LANE, LOOE, PL13 1JZ - £479,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PENDORIC is a large extended detached house of 146m², built sometime between 1967 and 1975. It was last sold for £479,000 in October 2018, which was around 40% above the average October 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

PENDORIC Sold Prices

Land registry data shows three sales for PENDORIC 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. All of the three PENDORIC 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
2018 31 OCT	£479,000	£341,588	40% above HPI
1998 27 NOV	£140,000	£92,806	51% above HPI
1995 26 JAN	£85,000	£70,240	21% above HPI

PENDORIC 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 PENDORIC sales between January 1995 and October 2018 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 November 1998 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the October 2018 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might PENDORIC be worth now?

PENDORIC might now be worth an estimated £622,614.

This is based on house price inflation of 30%, between October 2018 and December 2024, 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 30% inflationary increase is applied to the most recent sale price for PENDORIC of £479,000 on 31st October 2018. For the value to have increased from £479,000 to £622,614 over the five years and ten months to December 2024, the following assumptions must hold true:

• The value of PENDORIC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2018 sale price of £479,000 represented a fair market value for the property.
• The size, condition, and specification of PENDORIC has not materially changed since October 2018.

How Large is PENDORIC?

PENDORIC is 146m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 40% of detached houses houses in Looe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Looe, and where PENDORIC lies on this distribution: 67% of detached houses houses are smaller than PENDORIC, and 32% of houses are larger. Note that EPC data is not available for all properties in Looe.

PENDORIC: Plot and Title Map

PENDORIC sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of PENDORIC, 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 PENDORIC). 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 PENDORIC?

PENDORIC is located on HAY LANE in LOOE, in the PL13 postcode district. The below map shows the position of PENDORIC on HAY LANE.