WATER LODGE, POINT, DEVORAN, TRURO, TR3 6NQ - £710,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WATER LODGE is a large extended detached house of 185m², built sometime between 1983 and 1990. It was last sold for £710,000 in July 2013, which was around 159% above the average July 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2012, where the current energy rating was E, and the potential energy rating was C.

WATER LODGE Sold Prices

Land registry data shows two sales for WATER LODGE 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 WATER LODGE 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
2013 1 JUL	£710,000	£274,255	159% above HPI
1997 27 AUG	£193,000	£83,288	132% above HPI

WATER LODGE 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 WATER LODGE sales from August 1997 and July 2013 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 August 1997 sale was for 132% above the HPI. So the extrapolation line tracks at 132% above the HPI over time, until the July 2013 sale, where it rises to 159% above the HPI. The line then continues to track at 159% above the HPI.

How Large is WATER LODGE?

WATER LODGE is 185m², which includes two extensions, according to the EPC inspection conducted in September 2012. This puts it in the largest 40% of detached houses in Penpol, based on EPC data. The below chart shows the distribution of detached houses by size in Penpol, and where WATER LODGE lies on this distribution: 63% of detached houses are smaller than WATER LODGE, and 37% of houses are larger. Note that EPC data is not available for all properties in Penpol.

WATER LODGE: Plot and Title Map

WATER LODGE sits on a plot of roughly 0.173 of an acre, or 702m². The below map shows the location of WATER LODGE, 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 WATER LODGE). 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 WATER LODGE?

WATER LODGE is located on POINT in DEVORAN, in the TR3 postcode district. The below map shows the position of WATER LODGE on POINT.