CANNIS, CLIFF RISE, POLRUAN, FOWEY, PL23 1QQ - £290,000

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.

CANNIS is a midsized detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £357,864. It was last sold for £290,000 in August 2020, which was around 18% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was D.

CANNIS Sold Prices

Land registry data shows two sales for CANNIS 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. One of the two CANNIS sales was for below the average price, whilst the other was 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
2020 10 AUG	£290,000	£354,316	18% below HPI
2002 25 NOV	£220,000	£189,965	16% above HPI

CANNIS 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 CANNIS sales from November 2002 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 November 2002 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might CANNIS be worth now?

CANNIS might now be worth an estimated £357,864.

This is based on house price inflation of 23.4%, between August 2020 and February 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 23.4% inflationary increase is applied to the most recent sale price for CANNIS of £290,000 on 10th August 2020. For the value to have increased from £290,000 to £357,864 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of CANNIS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of CANNIS has not materially changed since August 2020.

How Large is CANNIS?

CANNIS is 143m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses houses in Polruan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Polruan, and where CANNIS lies on this distribution: 58% of detached houses houses are smaller than CANNIS, and 42% of houses are larger. Note that EPC data is not available for all properties in Polruan.

CANNIS: Plot and Title Map

CANNIS sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of CANNIS, 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 CANNIS). 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 CANNIS?

CANNIS is located on CLIFF RISE in POLRUAN, in the PL23 postcode district. The below map shows the position of CANNIS on CLIFF RISE.