THE LODGE, PENPOL, DEVORAN, TRURO, TR3 6NA - £512,500

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 LODGE is a midsized extended detached house of 156m², built sometime between 1991 and 1995, which could now be worth an estimated £743,240. It was last sold for £512,500 in June 2015, which was around 70% above the average June 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows two sales for THE LODGE 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 LODGE 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
2015 12 JUN	£512,500	£301,492	70% above HPI
1998 16 MAR	£235,000	£87,852	167% above HPI

THE LODGE 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 LODGE sales from March 1998 and June 2015 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 March 1998 sale was for 167% above the HPI. So the extrapolation line tracks at 167% above the HPI over time, until the June 2015 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might THE LODGE be worth now?

THE LODGE might now be worth an estimated £743,240.

This is based on house price inflation of 45%, between June 2015 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 45% inflationary increase is applied to the most recent sale price for THE LODGE of £512,500 on 12th June 2015. For the value to have increased from £512,500 to £743,240 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of THE LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2015 sale price of £512,500 represented a fair market value for the property.
• The size, condition, and specification of THE LODGE has not materially changed since June 2015.

How Large is THE LODGE?

THE LODGE is 156m², which includes three extensions, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses houses in Penpol, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penpol, and where THE LODGE lies on this distribution: 47% of detached houses houses are smaller than THE LODGE, and 53% of houses are larger. Note that EPC data is not available for all properties in Penpol.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.143 of an acre, or 577m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on PENPOL in DEVORAN, in the TR3 postcode district. The below map shows the position of THE LODGE on PENPOL.