THE RETREAT, POLMENNOR ROAD, HEAMOOR, PENZANCE, TR20 8UW - £618,050

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 RETREAT is a very large extended detached house of 269m², built sometime before 1900, which could now be worth an estimated £707,699. It was last sold for £618,050 in March 2021, which was around 62% above the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2009, where the current energy rating was F, and the potential energy rating was F.

THE RETREAT Sold Prices

Land registry data shows two sales for THE RETREAT 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 RETREAT 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
2021 23 MAR	£618,050	£381,844	62% above HPI
2010 30 JUL	£647,500	£281,107	130% above HPI

THE RETREAT 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 RETREAT sales from July 2010 and March 2021 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 July 2010 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the March 2021 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might THE RETREAT be worth now?

THE RETREAT might now be worth an estimated £707,699.

This is based on house price inflation of 14.5%, between March 2021 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 14.5% inflationary increase is applied to the most recent sale price for THE RETREAT of £618,050 on 23rd March 2021. For the value to have increased from £618,050 to £707,699 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of THE RETREAT has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £618,050 represented a fair market value for the property.
• The size, condition, and specification of THE RETREAT has not materially changed since March 2021.

How Large is THE RETREAT?

THE RETREAT is 269m², which includes one extension, according to the EPC inspection conducted in March 2009. 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 RETREAT lies on this distribution: 97% of detached houses houses are smaller than THE RETREAT, and 3% of houses are larger. Note that EPC data is not available for all properties in Penzance.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.352 of an acre, or 1,426m². The below map shows the location of THE RETREAT, 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 RETREAT). 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 RETREAT?

THE RETREAT is located on POLMENNOR ROAD in HEAMOOR, in the TR20 postcode district. The below map shows the position of THE RETREAT on POLMENNOR ROAD.