PENNANCE HOUSE, PENNANCE LANE, LANNER, REDRUTH, TR16 5TW - £325,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

PENNANCE HOUSE is a very large extended detached house of 137m², built sometime before 1900. It was last sold for £325,000 in August 2019, which was around 4% below the average August 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was C.

PENNANCE HOUSE Sold Prices

Land registry data shows two sales for PENNANCE HOUSE 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 PENNANCE HOUSE 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
2019 23 AUG	£325,000	£339,686	4% below HPI
2007 20 APR	£205,000	£283,992	28% below HPI

PENNANCE HOUSE 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 PENNANCE HOUSE sales from April 2007 and August 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 2007 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2019 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is PENNANCE HOUSE?

PENNANCE HOUSE is 137m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where PENNANCE HOUSE lies on this distribution: 83% of detached houses are smaller than PENNANCE HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Lanner.

PENNANCE HOUSE: Plot and Title Map

PENNANCE HOUSE sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of PENNANCE HOUSE, 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 PENNANCE HOUSE). 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 PENNANCE HOUSE?

PENNANCE HOUSE is located on PENNANCE LANE in LANNER, in the TR16 postcode district. The below map shows the position of PENNANCE HOUSE on PENNANCE LANE.