PENNINGTON, WOODBINE LANE, ILLOGAN, REDRUTH, TR16 4ED - £389,000

PENNINGTON is a large detached house of 128m², built sometime between 1950 and 1966. It was last sold for £389,000 in December 2015, which was around 27% above the average December 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2010, where the current energy rating was D, and the potential energy rating was D.

PENNINGTON Sold Prices

Land registry data shows three sales for PENNINGTON 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 PENNINGTON 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 18 DEC	£389,000	£307,089	27% above HPI
2006 13 APR	£375,000	£263,962	42% above HPI
1996 12 FEB	£95,000	£70,332	35% above HPI

PENNINGTON 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 PENNINGTON sales between February 1996 and December 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 April 2006 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the December 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is PENNINGTON?

PENNINGTON is 128m² according to the EPC inspection conducted in December 2010. This puts it in the largest 30% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where PENNINGTON lies on this distribution: 78% of detached houses are smaller than PENNINGTON, and 22% of houses are larger. Note that EPC data is not available for all properties in Illogan.

PENNINGTON: Plot and Title Map

PENNINGTON sits on a plot of roughly 0.203 of an acre, or 820m². The below map shows the location of PENNINGTON, 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 PENNINGTON). 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 PENNINGTON?

PENNINGTON is located on WOODBINE LANE in ILLOGAN, in the TR16 postcode district. The below map shows the position of PENNINGTON on WOODBINE LANE.