THE GABLES, PENWERRIS RISE, PRAA SANDS, PENZANCE, TR20 9TD - £527,000

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.

THE GABLES is a large detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £503,581. It was last sold for £527,000 in September 2022, which was around 15% above the average September 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2021, where the current energy rating was E, and the potential energy rating was D.

THE GABLES Sold Prices

Land registry data shows two sales for THE GABLES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two THE GABLES 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
2022 2 SEP	£527,000	£457,564	15% above HPI
1996 20 SEP	£98,000	£75,833	29% above HPI

THE GABLES 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 two THE GABLES sales from September 1996 and September 2022 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 September 1996 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the September 2022 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might THE GABLES be worth now?

THE GABLES might now be worth an estimated £503,581.

This is based on house price deflation of 4.4%, between September 2022 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 4.4% deflationary decrease is applied to the most recent sale price for THE GABLES of £527,000 on 2nd September 2022. For the value to have decreased from £527,000 to £503,581 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of THE GABLES has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2022 sale price of £527,000 represented a fair market value for the property.
• The size, condition, and specification of THE GABLES has not materially changed since September 2022.

How Large is THE GABLES?

THE GABLES is 149m² according to the EPC inspection conducted in August 2021. This puts it in the largest 40% of detached houses houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Praa Sands, and where THE GABLES lies on this distribution: 63% of detached houses houses are smaller than THE GABLES, and 37% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

THE GABLES: Plot and Title Map

THE GABLES sits on a plot of roughly 351.6 acres, or 1,422,725m². The below map shows the location of THE GABLES, 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 THE GABLES). 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 THE GABLES?

THE GABLES is located on PENWERRIS RISE in PRAA SANDS, in the TR20 postcode district. The below map shows the position of THE GABLES on PENWERRIS RISE.