PENNANCE VILLA, HIGHER PENNANCE, REDRUTH, TR16 5TU - £605,000

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.

PENNANCE VILLA is a very large extended semi-detached house of 129m², built sometime before 1900, which could now be worth an estimated £616,644. It was last sold for £605,000 in June 2024, which was around 114% above the average June 2024 semi-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 five sales for PENNANCE VILLA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the five 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
2024 21 JUN	£605,000	£282,806	114% above HPI
2021 22 JAN	£450,000	£246,940	82% above HPI
2016 8 FEB	£415,000	£198,752	109% above HPI
2010 4 OCT	£320,000	£188,864	69% above HPI
2007 14 SEP	£375,000	£201,547	86% above HPI

PENNANCE VILLA Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The five PENNANCE VILLA sales between September 2007 and June 2024 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 January 2021 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the June 2024 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might PENNANCE VILLA be worth now?

PENNANCE VILLA might now be worth an estimated £616,644.

This is based on house price inflation of 1.9%, between June 2024 and February 2025, for semi-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 1.9% inflationary increase is applied to the most recent sale price for PENNANCE VILLA of £605,000 on 21st June 2024. For the value to have increased from £605,000 to £616,644 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of PENNANCE VILLA has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The June 2024 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of PENNANCE VILLA has not materially changed since June 2024.

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 semi-detached houses houses in Lanner, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lanner, and where PENNANCE VILLA lies on this distribution: 81% of semi-detached houses 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.