PENMULLIN, SCHOOL HILL, SHORTLANESEND, TRURO, TR4 9DU - £425,000

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.

PENMULLIN is a very large detached house of 176m², built sometime between 1996 and 2002, which could now be worth an estimated £554,749. It was last sold for £425,000 in June 2019, which was around 27% above the average June 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

PENMULLIN Sold Prices

Land registry data shows two sales for PENMULLIN 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 PENMULLIN 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
2019 14 JUN	£425,000	£334,968	27% above HPI
2017 4 APR	£419,950	£316,339	33% above HPI

PENMULLIN 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 PENMULLIN sales from April 2017 and June 2019 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 April 2017 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2019 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might PENMULLIN be worth now?

PENMULLIN might now be worth an estimated £554,749.

This is based on house price inflation of 30.5%, between June 2019 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 30.5% inflationary increase is applied to the most recent sale price for PENMULLIN of £425,000 on 14th June 2019. For the value to have increased from £425,000 to £554,749 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of PENMULLIN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2019 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of PENMULLIN has not materially changed since June 2019.

How Large is PENMULLIN?

PENMULLIN is 176m² according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of detached houses houses in Shortlanesend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shortlanesend, and where PENMULLIN lies on this distribution: 95% of detached houses houses are smaller than PENMULLIN, and 5% of houses are larger. Note that EPC data is not available for all properties in Shortlanesend.

PENMULLIN: Plot and Title Map

PENMULLIN sits on a plot of roughly 0.241 of an acre, or 977m². The below map shows the location of PENMULLIN, 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 PENMULLIN). 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 PENMULLIN?

PENMULLIN is located on SCHOOL HILL in SHORTLANESEND, in the TR4 postcode district. The below map shows the position of PENMULLIN on SCHOOL HILL.