THE RETREAT, CROWLAS, PENZANCE, TR20 8DP - £130,000

THE RETREAT is a very small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £130,000 in March 2018, which was around 60% below the average March 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

THE RETREAT Sold Prices

Land registry data shows two sales for THE RETREAT 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 THE RETREAT 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
2018 29 MAR	£130,000	£328,446	60% below HPI
1999 8 OCT	£36,500	£100,316	64% below HPI

THE RETREAT 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 two THE RETREAT sales from October 1999 and March 2018 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 October 1999 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the March 2018 sale, where it rises to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is THE RETREAT?

THE RETREAT is 69m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses in Crowlas, based on EPC data. The below chart shows the distribution of detached houses by size in Crowlas, and where THE RETREAT lies on this distribution: 9% of detached houses are smaller than THE RETREAT, and 91% of houses are larger. Note that EPC data is not available for all properties in Crowlas.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of THE RETREAT, 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 RETREAT). 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 RETREAT?

THE RETREAT is located in CROWLAS, in the TR20 postcode district. The below map shows the position of THE RETREAT in CROWLAS.