THE OLD MILL, TRENEERE, PENZANCE, TR18 3HT - £360,000

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 OLD MILL is a very large extended detached house of 228m², built sometime between 1900 and 1929. It was last sold for £360,000 in February 2008, which was around 21% above the average February 2008 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

THE OLD MILL Sold Prices

Land registry data shows two sales for THE OLD MILL 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 OLD MILL 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
2008 29 FEB	£360,000	£296,771	21% above HPI
2001 3 DEC	£210,000	£142,349	48% above HPI

THE OLD MILL 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 OLD MILL sales from December 2001 and February 2008 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 2001 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the February 2008 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is THE OLD MILL?

THE OLD MILL is 228m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 10% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where THE OLD MILL lies on this distribution: 94% of detached houses are smaller than THE OLD MILL, and 6% of houses are larger. Note that EPC data is not available for all properties in Penzance.

THE OLD MILL: Plot and Title Map

THE OLD MILL sits on a plot of roughly 0.458 of an acre, or 1,855m². The below map shows the location of THE OLD MILL, 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 OLD MILL). 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 OLD MILL?

THE OLD MILL is located on TRENEERE in PENZANCE, in the TR18 postcode district. The below map shows the position of THE OLD MILL on TRENEERE.