PENHALL, WATERINGS ROAD, MYLOR BRIDGE, FALMOUTH, TR11 5NH - £455,000

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

PENHALL is a small extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £673,652. It was last sold for £455,000 in October 2014, which was around 54% above the average October 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2011, where the current energy rating was F, and the potential energy rating was E.

PENHALL Sold Prices

Land registry data shows three sales for PENHALL 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 PENHALL 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
2014 22 OCT	£455,000	£295,316	54% above HPI
2012 27 JUN	£455,000	£282,400	61% above HPI
1996 26 JAN	£89,500	£72,400	24% above HPI

PENHALL 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 PENHALL sales between January 1996 and October 2014 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 June 2012 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the October 2014 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might PENHALL be worth now?

PENHALL might now be worth an estimated £673,652.

This is based on house price inflation of 48.1%, between October 2014 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 48.1% inflationary increase is applied to the most recent sale price for PENHALL of £455,000 on 22nd October 2014. For the value to have increased from £455,000 to £673,652 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of PENHALL has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2014 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of PENHALL has not materially changed since October 2014.

How Large is PENHALL?

PENHALL is 94m², which includes two extensions, according to the EPC inspection conducted in March 2011. This puts it in the smallest 30% of detached houses houses in Mylor Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mylor Bridge, and where PENHALL lies on this distribution: 29% of detached houses houses are smaller than PENHALL, and 71% of houses are larger. Note that EPC data is not available for all properties in Mylor Bridge.

PENHALL: Plot and Title Map

PENHALL sits on a plot of roughly 0.245 of an acre, or 990m². The below map shows the location of PENHALL, 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 PENHALL). 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 PENHALL?

PENHALL is located on WATERINGS ROAD in MYLOR BRIDGE, in the TR11 postcode district. The below map shows the position of PENHALL on WATERINGS ROAD.