4, PENARROW CLOSE, FALMOUTH, TR11 4QH - £205,000

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.

4 PENARROW CLOSE is a very small semi-detached house of 72m², built sometime between 1967 and 1975, which could now be worth an estimated £301,794. It was last sold for £205,000 in August 2015, which was around 4% above the average August 2015 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

4 PENARROW CLOSE Sold Prices

Land registry data shows four sales for 4 PENARROW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Most of the four 4 PENARROW CLOSE 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
2015 6 AUG	£205,000	£197,466	4% above HPI
2003 28 JUL	£154,500	£137,125	13% above HPI
2001 29 JAN	£77,500	£73,421	6% above HPI
1998 31 JUL	£27,500	£56,777	52% below HPI

4 PENARROW CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The four 4 PENARROW CLOSE sales between July 1998 and August 2015 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 2003 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2015 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 4 PENARROW CLOSE be worth now?

4 PENARROW CLOSE might now be worth an estimated £301,794.

This is based on house price inflation of 47.2%, between August 2015 and August 2025, for semi-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 47.2% inflationary increase is applied to the most recent sale price for 4 PENARROW CLOSE of £205,000 on 6th August 2015. For the value to have increased from £205,000 to £301,794 over the ten years to August 2025, the following assumptions must hold true:

• The value of 4 PENARROW CLOSE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The August 2015 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PENARROW CLOSE has not materially changed since August 2015.

How Large is 4 PENARROW CLOSE?

4 PENARROW CLOSE is 72m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of semi-detached houses houses in Falmouth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Falmouth, and where 4 PENARROW CLOSE lies on this distribution: 9% of semi-detached houses houses are smaller than 4 PENARROW CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

4 PENARROW CLOSE: Plot and Title Map

4 PENARROW CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 4 PENARROW CLOSE, 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 4 PENARROW CLOSE). 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 4 PENARROW CLOSE?

4 PENARROW CLOSE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 4 on PENARROW CLOSE.