THE WELLOE, TREWELLOE ROAD, PRAA SANDS, PENZANCE, TR20 9SU - £750,000

THE WELLOE is a large detached house of 160m², built sometime between 1950 and 1966. It was last sold for £750,000 in May 2021, which was around 100% above the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was D.

THE WELLOE Sold Prices

Land registry data shows three sales for THE WELLOE 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 WELLOE 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
2021 28 MAY	£750,000	£375,609	100% above HPI
2016 9 DEC	£425,000	£307,260	38% above HPI
2007 12 APR	£390,000	£283,992	37% above HPI

THE WELLOE 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 WELLOE sales between April 2007 and May 2021 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 December 2016 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2021 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

How Large is THE WELLOE?

THE WELLOE is 160m² according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses by size in Praa Sands, and where THE WELLOE lies on this distribution: 74% of detached houses are smaller than THE WELLOE, and 25% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

THE WELLOE: Plot and Title Map

THE WELLOE sits on a plot of roughly 0.243 of an acre, or 983m². The below map shows the location of THE WELLOE, 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 WELLOE). 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 WELLOE?

THE WELLOE is located on TREWELLOE ROAD in PRAA SANDS, in the TR20 postcode district. The below map shows the position of THE WELLOE on TREWELLOE ROAD.