2, TOWER PARK, LANIVET, BODMIN, PL30 5BL - £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.

2 TOWER PARK is a large detached house of 154m², built sometime between 1976 and 1982, which could now be worth an estimated £511,420. It was last sold for £320,000 in October 2009, which was around 21% above the average October 2009 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was E.

2 TOWER PARK Sold Prices

Land registry data shows three sales for 2 TOWER PARK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 2 TOWER PARK 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
2009 22 OCT	£320,000	£264,860	21% above HPI
2003 16 APR	£280,000	£204,490	37% above HPI
1996 12 JUN	£118,500	£72,447	64% above HPI

2 TOWER PARK 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 three 2 TOWER PARK sales between June 1996 and October 2009 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 April 2003 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2009 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 2 TOWER PARK be worth now?

2 TOWER PARK might now be worth an estimated £511,420.

This is based on house price inflation of 59.8%, between October 2009 and April 2026, 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 59.8% inflationary increase is applied to the most recent sale price for 2 TOWER PARK of £320,000 on 22nd October 2009. For the value to have increased from £320,000 to £511,420 over the seventeen years and six months to April 2026, the following assumptions must hold true:

• The value of 2 TOWER PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2009 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TOWER PARK has not materially changed since October 2009.

How Large is 2 TOWER PARK?

2 TOWER PARK is 154m² according to the EPC inspection conducted in October 2008. This puts it in the largest 30% of detached houses houses in Lanivet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanivet, and where 2 TOWER PARK lies on this distribution: 79% of detached houses houses are smaller than 2 TOWER PARK, and 21% of houses are larger. Note that EPC data is not available for all properties in Lanivet.

2 TOWER PARK: Plot and Title Map

2 TOWER PARK sits on a plot of roughly 0.270 of an acre, or 1,091m². The below map shows the location of 2 TOWER PARK, 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 2 TOWER PARK). 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 2 TOWER PARK?

2 TOWER PARK is located in LANIVET, in the PL30 postcode district. The below map shows the position of No. 2 on TOWER PARK.