REDANNACK BUNGALOW, LENDER LANE, MULLION, HELSTON, TR12 7HS - £300,000

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

REDANNACK BUNGALOW is a small extended detached house of 94m², built sometime between 1930 and 1949. It was last sold for £300,000 in January 2021, which was around 20% below the average January 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was B.

REDANNACK BUNGALOW Sold Prices

Land registry data shows three sales for REDANNACK BUNGALOW 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 REDANNACK BUNGALOW 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
2021 7 JAN	£300,000	£377,341	20% below HPI
2014 7 FEB	£198,000	£278,574	29% below HPI
2010 29 JUL	£245,000	£276,747	11% below HPI

REDANNACK BUNGALOW 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 REDANNACK BUNGALOW sales between July 2010 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 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is REDANNACK BUNGALOW?

REDANNACK BUNGALOW is 94m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 40% of detached houses in Mullion, based on EPC data. The below chart shows the distribution of detached houses by size in Mullion, and where REDANNACK BUNGALOW lies on this distribution: 37% of detached houses are smaller than REDANNACK BUNGALOW, and 63% of houses are larger. Note that EPC data is not available for all properties in Mullion.

REDANNACK BUNGALOW: Plot and Title Map

REDANNACK BUNGALOW sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of REDANNACK BUNGALOW, 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 REDANNACK BUNGALOW). 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 REDANNACK BUNGALOW?

REDANNACK BUNGALOW is located on LENDER LANE in MULLION, in the TR12 postcode district. The below map shows the position of REDANNACK BUNGALOW on LENDER LANE.