PENWREA, POLCOVERACK LANE, COVERACK, HELSTON, TR12 6TD - £231,740

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

PENWREA is a very small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £231,740 in March 2023, which was around 48% below the average March 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2023, where the current energy rating was F, and the potential energy rating was E.

PENWREA Sold Prices

Land registry data shows four sales for PENWREA 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. Most of the four PENWREA 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
2023 2 MAR	£231,740	£446,796	48% below HPI
2006 30 MAY	£290,000	£267,838	8% above HPI
2004 13 JUL	£287,500	£248,122	16% above HPI
1995 4 OCT	£95,000	£70,647	34% above HPI

PENWREA 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 PENWREA sales between October 1995 and March 2023 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 May 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is PENWREA?

PENWREA is 87m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses in Coverack, based on EPC data. The below chart shows the distribution of detached houses by size in Coverack, and where PENWREA lies on this distribution: 18% of detached houses are smaller than PENWREA, and 82% of houses are larger. Note that EPC data is not available for all properties in Coverack.

PENWREA: Plot and Title Map

PENWREA sits on a plot of roughly 0.276 of an acre, or 1,119m². The below map shows the location of PENWREA, 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 PENWREA). 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 PENWREA?

PENWREA is located on POLCOVERACK LANE in COVERACK, in the TR12 postcode district. The below map shows the position of PENWREA on POLCOVERACK LANE.