THE HOMESTEAD, PENELEWEY, TRURO, TR3 6QU - £950,000

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 HOMESTEAD is a midsized extended detached house of 165m², built sometime between 1967 and 1975. It was last sold for £950,000 in December 2022, which was around 108% above the average December 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

THE HOMESTEAD Sold Prices

Land registry data shows three sales for THE HOMESTEAD 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 HOMESTEAD 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 8 DEC	£950,000	£456,326	108% above HPI
2011 12 DEC	£610,000	£271,239	125% above HPI
2000 23 FEB	£225,000	£104,617	115% above HPI

THE HOMESTEAD 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 HOMESTEAD sales between February 2000 and December 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 December 2011 sale was for 125% above the HPI. So the extrapolation line tracks at 125% above the HPI over time, until the December 2022 sale, where it falls to 108% above the HPI. The line then continues to track at 108% above the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 165m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses in Penelewey, based on EPC data. The below chart shows the distribution of detached houses by size in Penelewey, and where THE HOMESTEAD lies on this distribution: 57% of detached houses are smaller than THE HOMESTEAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Penelewey.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.485 of an acre, or 1,964m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

THE HOMESTEAD is located in PENELEWEY, in the TR3 postcode district. The below map shows the position of THE HOMESTEAD in PENELEWEY.