WEST LODGE, ALVERTON ROAD, PENZANCE, TR18 4TL - £755,000

WEST LODGE is a very large extended detached house of 313m², built sometime before 1900. It was last sold for £755,000 in September 2011, which was around 175% above the average September 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was E.

WEST LODGE Sold Prices

Land registry data shows two sales for WEST LODGE 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 WEST LODGE sales were for above 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
2011 30 SEP	£755,000	£274,568	175% above HPI
2003 28 JAN	£485,000	£196,316	147% above HPI

WEST 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 two WEST LODGE sales from January 2003 and September 2011 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 January 2003 sale was for 147% above the HPI. So the extrapolation line tracks at 147% above the HPI over time, until the September 2011 sale, where it rises to 175% above the HPI. The line then continues to track at 175% above the HPI.

How Large is WEST LODGE?

WEST LODGE is 313m², which includes three extensions, according to the EPC inspection conducted in May 2011. This puts it in the largest 10% of detached houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses by size in Penzance, and where WEST LODGE lies on this distribution: 98% of detached houses are smaller than WEST LODGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Penzance.

WEST LODGE: Plot and Title Map

WEST LODGE sits on a plot of roughly 0.226 of an acre, or 914m². The below map shows the location of WEST 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 WEST 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 WEST LODGE?

WEST LODGE is located on ALVERTON ROAD in PENZANCE, in the TR18 postcode district. The below map shows the position of WEST LODGE on ALVERTON ROAD.