12, PARK LANE, CAMBORNE, TR14 7TG - £320,000

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.

12 PARK LANE is a large detached house of 108m², built sometime between 1967 and 1975, which could now be worth an estimated £396,026. It was last sold for £320,000 in August 2020, which was around 10% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

12 PARK LANE Sold Prices

Land registry data shows two sales for 12 PARK LANE 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 12 PARK LANE 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
2020 10 AUG	£320,000	£354,316	10% below HPI
2004 27 AUG	£225,000	£256,027	12% below HPI

12 PARK LANE 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 12 PARK LANE sales from August 2004 and August 2020 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 2004 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 12 PARK LANE be worth now?

12 PARK LANE might now be worth an estimated £396,026.

This is based on house price inflation of 23.8%, between August 2020 and August 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 23.8% inflationary increase is applied to the most recent sale price for 12 PARK LANE of £320,000 on 10th August 2020. For the value to have increased from £320,000 to £396,026 over the five years to August 2025, the following assumptions must hold true:

• The value of 12 PARK LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2020 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARK LANE has not materially changed since August 2020.

How Large is 12 PARK LANE?

12 PARK LANE is 108m² according to the EPC inspection conducted in June 2017. 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 12 PARK LANE lies on this distribution: 66% of detached houses houses are smaller than 12 PARK LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Camborne.

12 PARK LANE: Plot and Title Map

12 PARK LANE sits on a plot of roughly 0.158 of an acre, or 641m². The below map shows the location of 12 PARK LANE, 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 12 PARK LANE). 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 12 PARK LANE?

12 PARK LANE is located in CAMBORNE, in the TR14 postcode district. The below map shows the position of No. 12 on PARK LANE.