PRAE COTTAGE, VICARAGE LANE, LELANT, ST IVES, TR26 3EA - £750,000

PRAE COTTAGE is a midsized extended detached house of 144m², built sometime between 2003 and 2006. It was last sold for £750,000 in May 2023, which was around 69% above the average May 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

PRAE COTTAGE Sold Prices

Land registry data shows two sales for PRAE COTTAGE 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. Both of the two PRAE COTTAGE 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
2023 31 MAY	£750,000	£442,619	69% above HPI
2020 16 OCT	£490,000	£364,602	34% above HPI

PRAE COTTAGE 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 PRAE COTTAGE sales from October 2020 and May 2023 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 2020 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the May 2023 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is PRAE COTTAGE?

PRAE COTTAGE is 144m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 50% of detached houses in Lelant, based on EPC data. The below chart shows the distribution of detached houses by size in Lelant, and where PRAE COTTAGE lies on this distribution: 58% of detached houses are smaller than PRAE COTTAGE, and 42% of houses are larger. Note that EPC data is not available for all properties in Lelant.

PRAE COTTAGE: Plot and Title Map

PRAE COTTAGE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of PRAE 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 PRAE 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 PRAE COTTAGE?

PRAE COTTAGE is located on VICARAGE LANE in LELANT, in the TR26 postcode district. The below map shows the position of PRAE COTTAGE on VICARAGE LANE.