12, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £167,000

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.

12 PENNANCE PARC is a detached house, which could now be worth an estimated £304,771. It was last sold for £167,000 in March 2004, which was around 29% below the average March 2004 detached price in the Cornwall local authority area.

12 PENNANCE PARC Sold Prices

Land registry data shows three sales for 12 PENNANCE PARC 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 12 PENNANCE PARC 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
2004 5 MAR	£167,000	£234,856	29% below HPI
2001 25 OCT	£89,950	£141,977	37% below HPI
2001 14 MAY	£78,500	£128,823	39% below HPI

What might 12 PENNANCE PARC be worth now?

12 PENNANCE PARC might now be worth an estimated £304,771.

This is based on house price inflation of 82.5%, between March 2004 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 82.5% inflationary increase is applied to the most recent sale price for 12 PENNANCE PARC of £167,000 on 5th March 2004. For the value to have increased from £167,000 to £304,771 over the 21 years and ten months to May 2026, the following assumptions must hold true:

• The value of 12 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2004 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PENNANCE PARC has not materially changed since March 2004.

Where is 12 PENNANCE PARC?

12 PENNANCE PARC is located in LANNER, in the TR16 postcode district.