PENROSE LODGE, CHYANDOUR CLIFF, PENZANCE, TR18 3LQ - £395,000

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

PENROSE LODGE is a large extended detached house of 140m², built sometime between 1976 and 1982. It was last sold for £395,000 in March 2014, which was around 41% above the average March 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was D.

PENROSE LODGE Sold Prices

Land registry data shows three sales for PENROSE LODGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three PENROSE LODGE 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
2014 7 MAR	£395,000	£280,896	41% above HPI
2004 2 APR	£380,000	£233,419	63% above HPI
1999 30 APR	£185,000	£93,157	99% above HPI

PENROSE LODGE 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 three PENROSE LODGE sales between April 1999 and March 2014 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 2004 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the March 2014 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is PENROSE LODGE?

PENROSE LODGE is 140m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 30% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where PENROSE LODGE lies on this distribution: 73% of detached houses are smaller than PENROSE LODGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Penzance.

PENROSE LODGE: Plot and Title Map

PENROSE LODGE sits on a plot of roughly 0.196 of an acre, or 794m². The below map shows the location of PENROSE LODGE, 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 PENROSE LODGE). 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 PENROSE LODGE?

PENROSE LODGE is located on CHYANDOUR CLIFF in PENZANCE, in the TR18 postcode district. The below map shows the position of PENROSE LODGE on CHYANDOUR CLIFF.