1, MARINE GARDEN, MORRAB ROAD, PENZANCE, TR18 4HD - £178,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 MARINE GARDEN is a very small extended detached house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £326,000. It was last sold for £178,500 in May 2004, which was around 25% below the average May 2004 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

1 MARINE GARDEN Sold Prices

Land registry data shows two sales for 1 MARINE GARDEN 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 1 MARINE GARDEN 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
2004 20 MAY	£178,500	£239,404	25% below HPI
2003 30 OCT	£143,500	£224,257	36% below HPI

1 MARINE GARDEN 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 1 MARINE GARDEN sales from October 2003 and May 2004 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 2003 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2004 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 1 MARINE GARDEN be worth now?

1 MARINE GARDEN might now be worth an estimated £326,000.

This is based on house price inflation of 82.6%, between May 2004 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 82.6% inflationary increase is applied to the most recent sale price for 1 MARINE GARDEN of £178,500 on 20th May 2004. For the value to have increased from £178,500 to £326,000 over the 21 years and three months to February 2025, the following assumptions must hold true:

• The value of 1 MARINE GARDEN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2004 sale price of £178,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MARINE GARDEN has not materially changed since May 2004.

How Large is 1 MARINE GARDEN?

1 MARINE GARDEN is 58m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where 1 MARINE GARDEN lies on this distribution: 2% of detached houses houses are smaller than 1 MARINE GARDEN, and 97% of houses are larger. Note that EPC data is not available for all properties in Penzance.

1 MARINE GARDEN: Plot and Title Map

1 MARINE GARDEN sits on a plot of roughly 0.018 of an acre, or 72m². The below map shows the location of 1 MARINE GARDEN, 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 1 MARINE GARDEN). 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 1 MARINE GARDEN?

1 MARINE GARDEN is located on MORRAB ROAD in PENZANCE, in the TR18 postcode district. The below map shows the position of 1 MARINE GARDEN on MORRAB ROAD.