TREVEAN, PENGERSICK LANE, GERMOE, PENZANCE, TR20 9RB - £215,000

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

TREVEAN is a very small detached house of 52m², built sometime between 1967 and 1975. It was last sold for £215,000 in March 2023, which was around 52% below the average March 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was C.

TREVEAN Sold Prices

Land registry data shows five sales for TREVEAN since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five TREVEAN 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
2023 30 MAR	£215,000	£446,796	52% below HPI
2004 15 JAN	£166,500	£226,309	26% below HPI
2002 4 JUL	£135,000	£165,264	18% below HPI
1999 14 OCT	£64,000	£100,316	36% below HPI
1998 21 DEC	£50,000	£90,728	45% below HPI

TREVEAN 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 five TREVEAN sales between December 1998 and March 2023 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 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2023 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is TREVEAN?

TREVEAN is 52m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses by size in Germoe, and where TREVEAN lies on this distribution: Less than 1% of detached houses are smaller than TREVEAN, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Germoe.

TREVEAN: Plot and Title Map

TREVEAN sits on a plot of roughly 0.143 of an acre, or 581m². The below map shows the location of TREVEAN, 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 TREVEAN). 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 TREVEAN?

TREVEAN is located on PENGERSICK LANE in GERMOE, in the TR20 postcode district. The below map shows the position of TREVEAN on PENGERSICK LANE.