THE GARDEN HOUSE, REDINNICK, PENZANCE, TR18 4JA - £690,000

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 GARDEN HOUSE is a very large extended detached house of 157m², built sometime between 1976 and 1982, which could now be worth an estimated £783,137. It was last sold for £690,000 in July 2021, which was around 79% above the average July 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

THE GARDEN HOUSE Sold Prices

Land registry data shows three sales for THE GARDEN HOUSE 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 THE GARDEN HOUSE 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
2021 30 JUL	£690,000	£385,232	79% above HPI
2011 30 SEP	£545,000	£278,894	95% above HPI
2000 30 JUN	£217,500	£113,178	92% above HPI

THE GARDEN HOUSE 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 THE GARDEN HOUSE sales between June 2000 and July 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 September 2011 sale was for 95% above the HPI. So the extrapolation line tracks at 95% above the HPI over time, until the July 2021 sale, where it falls to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might THE GARDEN HOUSE be worth now?

THE GARDEN HOUSE might now be worth an estimated £783,137.

This is based on house price inflation of 13.5%, between July 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 13.5% inflationary increase is applied to the most recent sale price for THE GARDEN HOUSE of £690,000 on 30th July 2021. For the value to have increased from £690,000 to £783,137 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of THE GARDEN HOUSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2021 sale price of £690,000 represented a fair market value for the property.
• The size, condition, and specification of THE GARDEN HOUSE has not materially changed since July 2021.

How Large is THE GARDEN HOUSE?

THE GARDEN HOUSE is 157m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the largest 20% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where THE GARDEN HOUSE lies on this distribution: 83% of detached houses houses are smaller than THE GARDEN HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Penzance.

THE GARDEN HOUSE: Plot and Title Map

THE GARDEN HOUSE sits on a plot of roughly 0.168 of an acre, or 678m². The below map shows the location of THE GARDEN HOUSE, 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 GARDEN HOUSE). 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 GARDEN HOUSE?

THE GARDEN HOUSE is located on REDINNICK in PENZANCE, in the TR18 postcode district. The below map shows the position of THE GARDEN HOUSE on REDINNICK.