PENGOVER, TREGADILLETT, LAUNCESTON, PL15 7EX - £335,000

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.

PENGOVER is a very large detached house of 138m², built sometime between 2003 and 2006, which could now be worth an estimated £427,903. It was last sold for £335,000 in July 2018, which was about the average July 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

PENGOVER Sold Prices

Land registry data shows two sales for PENGOVER 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 PENGOVER sales was roughly equal to 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
2018 3 JUL	£335,000	£335,551	Close to HPI
2006 13 OCT	£299,950	£283,571	6% above HPI

PENGOVER 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 PENGOVER sales from October 2006 and July 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 October 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2018 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might PENGOVER be worth now?

PENGOVER might now be worth an estimated £427,903.

This is based on house price inflation of 27.7%, between July 2018 and May 2026, 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 27.7% inflationary increase is applied to the most recent sale price for PENGOVER of £335,000 on 3rd July 2018. For the value to have increased from £335,000 to £427,903 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of PENGOVER has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2018 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of PENGOVER has not materially changed since July 2018.

How Large is PENGOVER?

PENGOVER is 138m² according to the EPC inspection conducted in May 2018. This puts it in the largest 20% of detached houses houses in Tregadillett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tregadillett, and where PENGOVER lies on this distribution: 89% of detached houses houses are smaller than PENGOVER, and 11% of houses are larger. Note that EPC data is not available for all properties in Tregadillett.

PENGOVER: Plot and Title Map

PENGOVER sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of PENGOVER, 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 PENGOVER). 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 PENGOVER?

PENGOVER is located in TREGADILLETT, in the PL15 postcode district. The below map shows the position of PENGOVER in TREGADILLETT.