PENHAWES, WEST TREWIRGIE ROAD, REDRUTH, TR15 2TJ - £350,000

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.

PENHAWES is a very large extended detached house of 241m², built sometime between 1900 and 1929, which could now be worth an estimated £403,531. It was last sold for £350,000 in April 2021, which was around 9% below the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was D.

PENHAWES Sold Prices

Land registry data shows two sales for PENHAWES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two PENHAWES sales 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
2021 9 APR	£350,000	£382,633	9% below HPI
2007 6 JUL	£249,000	£295,243	16% below HPI

PENHAWES 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 two PENHAWES sales from July 2007 and April 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2021 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might PENHAWES be worth now?

PENHAWES might now be worth an estimated £403,531.

This is based on house price inflation of 15.3%, between April 2021 and March 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 15.3% inflationary increase is applied to the most recent sale price for PENHAWES of £350,000 on 9th April 2021. For the value to have increased from £350,000 to £403,531 over the four years and one month to March 2025, the following assumptions must hold true:

• The value of PENHAWES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of PENHAWES has not materially changed since April 2021.

How Large is PENHAWES?

PENHAWES is 241m², which includes three extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where PENHAWES lies on this distribution: 98% of detached houses houses are smaller than PENHAWES, and 2% of houses are larger. Note that EPC data is not available for all properties in Redruth.

PENHAWES: Plot and Title Map

PENHAWES sits on a plot of roughly 0.272 of an acre, or 1,102m². The below map shows the location of PENHAWES, 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 PENHAWES). 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 PENHAWES?

PENHAWES is located on WEST TREWIRGIE ROAD in REDRUTH, in the TR15 postcode district. The below map shows the position of PENHAWES on WEST TREWIRGIE ROAD.