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

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.

REDANNACK BUNGALOW is a small extended detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £342,223. It was last sold for £300,000 in January 2021, which was around 22% 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	£383,286	22% below HPI
2014 7 FEB	£198,000	£282,963	30% below HPI
2010 29 JUL	£245,000	£281,107	13% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2021 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might REDANNACK BUNGALOW be worth now?

REDANNACK BUNGALOW might now be worth an estimated £342,223.

This is based on house price inflation of 14.1%, between January 2021 and February 2025, for 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 14.1% inflationary increase is applied to the most recent sale price for REDANNACK BUNGALOW of £300,000 on 7th January 2021. For the value to have increased from £300,000 to £342,223 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of REDANNACK BUNGALOW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of REDANNACK BUNGALOW has not materially changed since January 2021.

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 houses in Mullion, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mullion, and where REDANNACK BUNGALOW lies on this distribution: 37% of detached houses 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.