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

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

THE GABLES is a large detached house of 149m², built sometime between 1967 and 1975. It was last sold for £527,000 in September 2022, which was around 17% 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	£450,467	17% above HPI
1996 20 SEP	£98,000	£74,657	31% 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2022 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

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 in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses by size in Praa Sands, and where THE GABLES lies on this distribution: 62% of detached houses are smaller than THE GABLES, and 38% 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 351.5 acres, or 1,422,640m². 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.