THE SPINNEY, HIGHER PENGEGON, PENGEGON, CAMBORNE, TR14 7UG - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE SPINNEY is a large detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £382,225. It was last sold for £230,000 in December 2004, which was around 13% below the average December 2004 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY 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 SPINNEY sales were 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
2004 22 DEC	£230,000	£263,099	13% below HPI
1998 30 JAN	£58,000	£87,811	34% below HPI

THE SPINNEY 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 SPINNEY sales from January 1998 and December 2004 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 January 1998 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2004 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £382,225.

This is based on house price inflation of 66.2%, between December 2004 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 66.2% inflationary increase is applied to the most recent sale price for THE SPINNEY of £230,000 on 22nd December 2004. For the value to have increased from £230,000 to £382,225 over the 21 years and ten months to February 2025, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2004 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since December 2004.

How Large is THE SPINNEY?

THE SPINNEY is 107m² according to the EPC inspection conducted in April 2015. This puts it in the largest 40% of detached houses houses in Camborne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Camborne, and where THE SPINNEY lies on this distribution: 65% of detached houses houses are smaller than THE SPINNEY, and 34% of houses are larger. Note that EPC data is not available for all properties in Camborne.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 61.8 acres, or 250,000m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on HIGHER PENGEGON in PENGEGON, in the TR14 postcode district. The below map shows the position of THE SPINNEY on HIGHER PENGEGON.