39, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £188,000

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.

39 PENNANCE PARC is a midsized detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £268,577. It was last sold for £188,000 in November 2014, which was around 37% below the average November 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

39 PENNANCE PARC Sold Prices

Land registry data shows four sales for 39 PENNANCE PARC since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 39 PENNANCE PARC 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
2014 14 NOV	£188,000	£296,301	37% below HPI
2011 12 SEP	£177,000	£278,894	37% below HPI
2003 8 MAY	£149,950	£208,837	28% below HPI
2002 28 MAY	£104,950	£157,046	33% below HPI

39 PENNANCE PARC 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 four 39 PENNANCE PARC sales between May 2002 and November 2014 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 September 2011 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2014 sale, which was also at 37% below the HPI.

What might 39 PENNANCE PARC be worth now?

39 PENNANCE PARC might now be worth an estimated £268,577.

This is based on house price inflation of 42.9%, between November 2014 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 42.9% inflationary increase is applied to the most recent sale price for 39 PENNANCE PARC of £188,000 on 14th November 2014. For the value to have increased from £188,000 to £268,577 over the twelve years and seven months to April 2026, the following assumptions must hold true:

• The value of 39 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2014 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 39 PENNANCE PARC has not materially changed since November 2014.

How Large is 39 PENNANCE PARC?

39 PENNANCE PARC is 91m² according to the EPC inspection conducted in March 2018. This puts it in the largest 50% of detached houses houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lanner, and where 39 PENNANCE PARC lies on this distribution: 51% of detached houses houses are smaller than 39 PENNANCE PARC, and 48% of houses are larger. Note that EPC data is not available for all properties in Lanner.

39 PENNANCE PARC: Plot and Title Map

39 PENNANCE PARC sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 39 PENNANCE PARC, 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 39 PENNANCE PARC). 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 39 PENNANCE PARC?

39 PENNANCE PARC is located in LANNER, in the TR16 postcode district. The below map shows the position of No. 39 on PENNANCE PARC.