119, PENMERE DRIVE, NEWQUAY, TR7 1NS - £490,000

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.

119 PENMERE DRIVE is a midsized extended detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £554,123. It was last sold for £490,000 in September 2021, which was around 27% above the average September 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was C.

119 PENMERE DRIVE Sold Prices

Land registry data shows four sales for 119 PENMERE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the four 119 PENMERE DRIVE 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
2021 17 SEP	£490,000	£386,635	27% above HPI
2010 25 FEB	£247,500	£273,235	9% below HPI
2004 5 JUL	£249,950	£252,031	1% below HPI
1999 17 SEP	£69,950	£100,296	30% below HPI

119 PENMERE DRIVE 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 four 119 PENMERE DRIVE sales between September 1999 and September 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 February 2010 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 119 PENMERE DRIVE be worth now?

119 PENMERE DRIVE might now be worth an estimated £554,123.

This is based on house price inflation of 13.1%, between September 2021 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 13.1% inflationary increase is applied to the most recent sale price for 119 PENMERE DRIVE of £490,000 on 17th September 2021. For the value to have increased from £490,000 to £554,123 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 119 PENMERE DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2021 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 119 PENMERE DRIVE has not materially changed since September 2021.

How Large is 119 PENMERE DRIVE?

119 PENMERE DRIVE is 110m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where 119 PENMERE DRIVE lies on this distribution: 50% of detached houses houses are smaller than 119 PENMERE DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Newquay.

119 PENMERE DRIVE: Plot and Title Map

119 PENMERE DRIVE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 119 PENMERE DRIVE, 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 119 PENMERE DRIVE). 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 119 PENMERE DRIVE?

119 PENMERE DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 119 on PENMERE DRIVE.