LANTERNS, RICKETTS LANE, POLGOOTH, ST AUSTELL, PL26 7DA - £322,000

LANTERNS is a very large extended detached house of 185m², built sometime between 1976 and 1982. It was last sold for £322,000 in May 2015, which was around 9% above the average May 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

LANTERNS Sold Prices

Land registry data shows two sales for LANTERNS 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. Both of the two LANTERNS 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 8 MAY	£322,000	£295,858	9% above HPI
1997 25 MAR	£95,000	£77,975	22% above HPI

LANTERNS 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 LANTERNS sales from March 1997 and May 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 March 1997 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2015 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is LANTERNS?

LANTERNS is 185m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses in Polgooth, based on EPC data. The below chart shows the distribution of detached houses by size in Polgooth, and where LANTERNS lies on this distribution: 89% of detached houses are smaller than LANTERNS, and 10% of houses are larger. Note that EPC data is not available for all properties in Polgooth.

LANTERNS: Plot and Title Map

LANTERNS sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of LANTERNS, 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 LANTERNS). 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 LANTERNS?

LANTERNS is located on RICKETTS LANE in POLGOOTH, in the PL26 postcode district. The below map shows the position of LANTERNS on RICKETTS LANE.