3, THE SQUARE, PENRYN, TR10 8JQ - £725,000

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.

3 THE SQUARE is a very large terraced house of 221m², built sometime between 1900 and 1929, which could now be worth an estimated £759,526. It was last sold for £725,000 in June 2021, which was around 238% above the average June 2021 terraced price in the Cornwall local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

3 THE SQUARE Sold Prices

Land registry data shows four sales for 3 THE SQUARE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the four 3 THE SQUARE 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
2021 11 JUN	£725,000	£214,354	238% above HPI
2017 14 JUL	£580,000	£169,904	241% above HPI
2014 4 DEC	£570,000	£159,223	258% above HPI
2001 29 NOV	£254,500	£69,305	267% above HPI

3 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The four 3 THE SQUARE sales between November 2001 and June 2021 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 July 2017 sale was for 241% above the HPI. So the extrapolation line tracks at 241% above the HPI over time, until the June 2021 sale, where it falls to 238% above the HPI. The line then continues to track at 238% above the HPI.

What might 3 THE SQUARE be worth now?

3 THE SQUARE might now be worth an estimated £759,526.

This is based on house price inflation of 4.8%, between June 2021 and June 2025, for terraced 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 4.8% inflationary increase is applied to the most recent sale price for 3 THE SQUARE of £725,000 on 11th June 2021. For the value to have increased from £725,000 to £759,526 over the four years to June 2025, the following assumptions must hold true:

• The value of 3 THE SQUARE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The June 2021 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE SQUARE has not materially changed since June 2021.

How Large is 3 THE SQUARE?

3 THE SQUARE is 221m² according to the EPC inspection conducted in March 2021. This puts it in the largest 10% of terraced houses houses in Penryn, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Penryn, and where 3 THE SQUARE lies on this distribution: 97% of terraced houses houses are smaller than 3 THE SQUARE, and 3% of houses are larger. Note that EPC data is not available for all properties in Penryn.

3 THE SQUARE: Plot and Title Map

3 THE SQUARE sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 3 THE SQUARE, 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 3 THE SQUARE). 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 3 THE SQUARE?

3 THE SQUARE is located in PENRYN, in the TR10 postcode district. The below map shows the position of No. 3 on THE SQUARE.