3, PENNANCE PARC, LANNER, REDRUTH, TR16 5TY - £160,000

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.

3 PENNANCE PARC is a detached house, which could now be worth an estimated £309,574. It was last sold for £160,000 in September 2003, which was around 28% below the average September 2003 detached price in the Cornwall local authority area.

3 PENNANCE PARC Sold Prices

Land registry data shows two sales for 3 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 3 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 1 SEP	£160,000	£221,521	28% below HPI
2000 1 DEC	£87,500	£122,447	29% below HPI

What might 3 PENNANCE PARC be worth now?

3 PENNANCE PARC might now be worth an estimated £309,574.

This is based on house price inflation of 93.5%, between September 2003 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 93.5% inflationary increase is applied to the most recent sale price for 3 PENNANCE PARC of £160,000 on 1st September 2003. For the value to have increased from £160,000 to £309,574 over the 23 years and four months to May 2026, the following assumptions must hold true:

• The value of 3 PENNANCE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2003 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENNANCE PARC has not materially changed since September 2003.

Where is 3 PENNANCE PARC?

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