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

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 OLD MILL is a very large extended detached house of 228m², built sometime between 1900 and 1929, which could now be worth an estimated £522,160. It was last sold for £360,000 in February 2008, which was around 19% 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	£301,446	19% above HPI
2001 3 DEC	£210,000	£144,592	45% 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 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the February 2008 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might THE OLD MILL be worth now?

THE OLD MILL might now be worth an estimated £522,160.

This is based on house price inflation of 45%, between February 2008 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 OLD MILL of £360,000 on 29th February 2008. For the value to have increased from £360,000 to £522,160 over the seventeen years to February 2025, the following assumptions must hold true:

• The value of THE OLD MILL has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2008 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD MILL has not materially changed since February 2008.

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 houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where THE OLD MILL lies on this distribution: 94% of detached houses 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.