THE LODGE, TRENANCE LANE, NEWQUAY, TR7 2HX - £245,000

THE LODGE is a very small extended detached house of 63m², built sometime between 1950 and 1966. It was last sold for £245,000 in September 2015, which was around 19% below the average September 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE 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 THE LODGE 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
2015 11 SEP	£245,000	£303,080	19% below HPI
2010 10 AUG	£160,000	£279,622	43% below HPI
2005 14 NOV	£155,000	£261,758	41% below HPI

THE LODGE 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 three THE LODGE sales between November 2005 and September 2015 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 August 2010 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2015 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is THE LODGE?

THE LODGE is 63m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where THE LODGE lies on this distribution: 2% of detached houses are smaller than THE LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Newquay.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of THE LODGE, 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 THE LODGE). 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 THE LODGE?

THE LODGE is located on TRENANCE LANE in NEWQUAY, in the TR7 postcode district. The below map shows the position of THE LODGE on TRENANCE LANE.