On 06 Aug 1307 Piers Gaveston 1st Earl Cornwall (age 23) was created 1st Earl Cornwall by King Edward II of England (age 23) to the shock of the nobility; Earl Cornwall usually reserved for the heir. The earldom gave Gaveston substantial landholdings over great parts of England, to the value of £4,000 a year. These possessions consisted of most of Cornwall, as well as parts of Devonshire in the south-west, land in Berkshire and Oxfordshire centred on the honour of Wallingford, most of the eastern part of Lincolnshire, and the honour of Knaresborough in Yorkshire, with the territories that belonged to it.