THE HOMESTEAD, PENNANCE LANE, LANNER, REDRUTH, TR16 5TW - £399,950

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

THE HOMESTEAD is a very large extended detached house of 146m², built sometime before 1900. It was last sold for £399,950 in July 2018, which was around 21% above the average July 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2018, where the current energy rating was F, and the potential energy rating was C.

THE HOMESTEAD Sold Prices

Land registry data shows two sales for THE HOMESTEAD 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. One of the two THE HOMESTEAD sales was for above the average price, whilst the other was for below 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
2018 24 JUL	£399,950	£330,346	21% above HPI
2008 16 MAY	£249,950	£286,996	13% below 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 two THE HOMESTEAD sales from May 2008 and July 2018 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 May 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2018 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 146m², which includes three extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 20% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where THE HOMESTEAD lies on this distribution: 85% of detached houses are smaller than THE HOMESTEAD, and 15% of houses are larger. Note that EPC data is not available for all properties in Lanner.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.222 of an acre, or 900m². 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 on PENNANCE LANE in LANNER, in the TR16 postcode district. The below map shows the position of THE HOMESTEAD on PENNANCE LANE.