PENNANCE VILLA, HIGHER PENNANCE, REDRUTH, TR16 5TU - £450,000

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 VILLA is a very large extended semi-detached house of 129m², built sometime before 1900. It was last sold for £450,000 in January 2021, which was around 19% above the average January 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was E.

PENNANCE VILLA Sold Prices

Land registry data shows four sales for PENNANCE VILLA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four PENNANCE VILLA 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
2021 22 JAN	£450,000	£377,341	19% above HPI
2016 8 FEB	£415,000	£301,849	37% above HPI
2010 4 OCT	£320,000	£285,587	12% above HPI
2007 14 SEP	£375,000	£300,052	25% above HPI

PENNANCE VILLA 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 four PENNANCE VILLA sales between September 2007 and January 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 February 2016 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the January 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is PENNANCE VILLA?

PENNANCE VILLA is 129m², which includes one extension, according to the EPC inspection conducted in July 2010. 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 VILLA lies on this distribution: 81% of detached houses are smaller than PENNANCE VILLA, and 19% of houses are larger. Note that EPC data is not available for all properties in Lanner.

PENNANCE VILLA: Plot and Title Map

PENNANCE VILLA sits on a plot of roughly 0.200 of an acre, or 809m². The below map shows the location of PENNANCE VILLA, 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 VILLA). 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 VILLA?

PENNANCE VILLA is located in HIGHER PENNANCE, in the TR16 postcode district. The below map shows the position of PENNANCE VILLA in HIGHER PENNANCE.