SANDWAY LODGE, CASTLE DRIVE, PRAA SANDS, PENZANCE, TR20 9TF - £387,000

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

SANDWAY LODGE is a very small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £387,000 in February 2015, which was around 34% above the average February 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

SANDWAY LODGE Sold Prices

Land registry data shows three sales for SANDWAY 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 SANDWAY 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
2015 6 FEB	£387,000	£287,779	34% above HPI
1998 6 JUL	£110,000	£90,125	22% above HPI
1996 20 AUG	£85,000	£72,969	16% above HPI

SANDWAY 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 SANDWAY LODGE sales between August 1996 and February 2015 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 July 1998 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the February 2015 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is SANDWAY LODGE?

SANDWAY LODGE is 85m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses by size in Praa Sands, and where SANDWAY LODGE lies on this distribution: 7% of detached houses are smaller than SANDWAY LODGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

SANDWAY LODGE: Plot and Title Map

SANDWAY LODGE sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of SANDWAY 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 SANDWAY 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 SANDWAY LODGE?

SANDWAY LODGE is located on CASTLE DRIVE in PRAA SANDS, in the TR20 postcode district. The below map shows the position of SANDWAY LODGE on CASTLE DRIVE.