2, PENNANCE LANE, LANNER, REDRUTH, TR16 5TW - £165,500

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.

2 PENNANCE LANE is a small extended detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £248,612. It was last sold for £165,500 in March 2014, which was around 42% below the average March 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

2 PENNANCE LANE Sold Prices

Land registry data shows one sale for 2 PENNANCE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Cornwall local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 31 MAR	£165,500	£285,322	42% below HPI

What might 2 PENNANCE LANE be worth now?

2 PENNANCE LANE might now be worth an estimated £248,612.

This is based on house price inflation of 50.2%, between March 2014 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 50.2% inflationary increase is applied to the most recent sale price for 2 PENNANCE LANE of £165,500 on 31st March 2014. For the value to have increased from £165,500 to £248,612 over the eleven years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 PENNANCE LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2014 sale price of £165,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNANCE LANE has not materially changed since March 2014.

How Large is 2 PENNANCE LANE?

2 PENNANCE LANE is 71m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Lanner, based on EPC data. The below chart shows the distribution of detached houses by size in Lanner, and where 2 PENNANCE LANE lies on this distribution: 23% of detached houses are smaller than 2 PENNANCE LANE, and 77% of detached houses are larger. Note that EPC data is not available for all properties in Lanner.

2 PENNANCE LANE: Plot

2 PENNANCE LANE sits on a plot of roughly 0.117 of an acre, or 473m².

Where is 2 PENNANCE LANE?

2 PENNANCE LANE is located in LANNER, in the TR16 postcode district.