MORRAB VILLA, MORRAB PLACE, PENZANCE, TR18 4DQ - £699,950

MORRAB VILLA is a very large detached house of 281m², built sometime before 1900. It was last sold for £699,950 in May 2018, which was around 114% above the average May 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2009, where the current energy rating was E, and the potential energy rating was E.

MORRAB VILLA Sold Prices

Land registry data shows three sales for MORRAB VILLA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three MORRAB VILLA 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
2018 9 MAY	£699,950	£326,727	114% above HPI
2009 4 SEP	£470,000	£261,819	80% above HPI
1997 11 FEB	£90,000	£77,551	16% above HPI

MORRAB VILLA 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 three MORRAB VILLA sales between February 1997 and May 2018 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 2009 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the May 2018 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

How Large is MORRAB VILLA?

MORRAB VILLA is 281m² according to the EPC inspection conducted in January 2009. This puts it in the largest 10% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where MORRAB VILLA lies on this distribution: 97% of detached houses are smaller than MORRAB VILLA, and 3% of houses are larger. Note that EPC data is not available for all properties in Penzance.

MORRAB VILLA: Plot and Title Map

MORRAB VILLA sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of MORRAB VILLA, 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 MORRAB VILLA). 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 MORRAB VILLA?

MORRAB VILLA is located on MORRAB PLACE in PENZANCE, in the TR18 postcode district. The below map shows the position of MORRAB VILLA on MORRAB PLACE.