PENNY COTTAGE, THE WARREN, POLPERRO, LOOE, PL13 2RB - £220,000

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.

PENNY COTTAGE is a very small terraced house of 34m², built sometime before 1900, which could now be worth an estimated £279,178. It was last sold for £220,000 in June 2018, which was around 24% above the average June 2018 terraced price in the Cornwall local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was A.

PENNY COTTAGE Sold Prices

Land registry data shows three sales for PENNY COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Two of the three PENNY COTTAGE sales were for above the average price, whilst one was 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
2018 13 JUN	£220,000	£176,961	24% above HPI
2011 5 AUG	£150,000	£150,850	1% below HPI
2007 28 FEB	£185,000	£161,097	15% above HPI

PENNY COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three PENNY COTTAGE sales between February 2007 and June 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 August 2011 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2018 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might PENNY COTTAGE be worth now?

PENNY COTTAGE might now be worth an estimated £279,178.

This is based on house price inflation of 26.9%, between June 2018 and June 2025, for terraced 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 26.9% inflationary increase is applied to the most recent sale price for PENNY COTTAGE of £220,000 on 13th June 2018. For the value to have increased from £220,000 to £279,178 over the seven years to June 2025, the following assumptions must hold true:

• The value of PENNY COTTAGE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The June 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of PENNY COTTAGE has not materially changed since June 2018.

How Large is PENNY COTTAGE?

PENNY COTTAGE is 34m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of terraced houses houses in Polperro, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Polperro, and where PENNY COTTAGE lies on this distribution: Less than 1% of terraced houses houses are smaller than PENNY COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Polperro.

PENNY COTTAGE: Plot and Title Map

PENNY COTTAGE sits on a plot of roughly 0.004 of an acre, or 18m². The below map shows the location of PENNY COTTAGE, 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 PENNY COTTAGE). 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 PENNY COTTAGE?

PENNY COTTAGE is located on THE WARREN in POLPERRO, in the PL13 postcode district. The below map shows the position of PENNY COTTAGE on THE WARREN.