PENMORVAH, GARRO LANE, MULLION, HELSTON, TR12 7ED - £245,000

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

PENMORVAH is a small detached house of 92m², built sometime between 1930 and 1949. It was last sold for £245,000 in October 2005, which was around 7% below the average October 2005 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2015, where the current energy rating was F, and the potential energy rating was A.

PENMORVAH Sold Prices

Land registry data shows two sales for PENMORVAH 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 PENMORVAH 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
2005 31 OCT	£245,000	£262,664	7% below HPI
1998 16 MAR	£50,000	£86,489	42% below HPI

PENMORVAH 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 PENMORVAH sales from March 1998 and October 2005 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 March 1998 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2005 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is PENMORVAH?

PENMORVAH is 92m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 40% of detached houses in Mullion, based on EPC data. The below chart shows the distribution of detached houses by size in Mullion, and where PENMORVAH lies on this distribution: 36% of detached houses are smaller than PENMORVAH, and 63% of houses are larger. Note that EPC data is not available for all properties in Mullion.

PENMORVAH: Plot and Title Map

PENMORVAH sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of PENMORVAH, 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 PENMORVAH). 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 PENMORVAH?

PENMORVAH is located on GARRO LANE in MULLION, in the TR12 postcode district. The below map shows the position of PENMORVAH on GARRO LANE.