PENAVON, RAYMOND ROAD, REDRUTH, TR15 2HD - £155,000

PENAVON is a midsized detached house of 85m², built sometime between 1967 and 1975. It was last sold for £155,000 in August 2022, which was around 65% below the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2023, where the current energy rating was B, and the potential energy rating was B.

PENAVON Sold Prices

Land registry data shows four sales for PENAVON 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 PENAVON 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
2022 25 AUG	£155,000	£444,378	65% below HPI
2015 14 SEP	£130,000	£303,080	57% below HPI
2013 17 SEP	£130,000	£278,445	53% below HPI
1999 30 APR	£50,320	£93,157	46% below HPI

PENAVON 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 PENAVON sales between April 1999 and August 2022 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 2015 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the August 2022 sale, where it falls to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is PENAVON?

PENAVON is 85m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where PENAVON lies on this distribution: 46% of detached houses are smaller than PENAVON, and 53% of houses are larger. Note that EPC data is not available for all properties in Redruth.

PENAVON: Plot and Title Map

PENAVON sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of PENAVON, 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 PENAVON). 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 PENAVON?

PENAVON is located on RAYMOND ROAD in REDRUTH, in the TR15 postcode district. The below map shows the position of PENAVON on RAYMOND ROAD.