2, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £150,500

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 PARC is a detached house, which could now be worth an estimated £297,795. It was last sold for £150,500 in June 2003, which was around 30% below the average June 2003 detached price in the Cornwall local authority area.

2 PENNANCE PARC Sold Prices

Land registry data shows two sales for 2 PENNANCE PARC 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 2 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
2003 16 JUN	£150,500	£213,926	30% below HPI
2000 23 OCT	£76,500	£124,470	39% below HPI

What might 2 PENNANCE PARC be worth now?

2 PENNANCE PARC might now be worth an estimated £297,795.

This is based on house price inflation of 97.9%, between June 2003 and April 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 97.9% inflationary increase is applied to the most recent sale price for 2 PENNANCE PARC of £150,500 on 16th June 2003. For the value to have increased from £150,500 to £297,795 over the 23 years and two months to April 2026, the following assumptions must hold true:

• The value of 2 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2003 sale price of £150,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNANCE PARC has not materially changed since June 2003.

Where is 2 PENNANCE PARC?

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