12, STRET MORGAN LE FAY, NEWQUAY, TR7 1GS - £390,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 STRET MORGAN LE FAY is a very small detached house of 83m², built sometime between 2007 and 2011, which could now be worth an estimated £388,305. It was last sold for £390,000 in May 2022, which was around 11% below the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

12 STRET MORGAN LE FAY Sold Prices

Land registry data shows three sales for 12 STRET MORGAN LE FAY 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 12 STRET MORGAN LE FAY 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
2022 20 MAY	£390,000	£439,140	11% below HPI
2019 16 SEP	£292,000	£349,063	16% below HPI
2014 19 MAR	£219,000	£285,322	23% below HPI

12 STRET MORGAN LE FAY 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 12 STRET MORGAN LE FAY sales between March 2014 and May 2022 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 September 2019 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 12 STRET MORGAN LE FAY be worth now?

12 STRET MORGAN LE FAY might now be worth an estimated £388,305.

This is based on house price deflation of 0.4%, between May 2022 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 0.4% deflationary decrease is applied to the most recent sale price for 12 STRET MORGAN LE FAY of £390,000 on 20th May 2022. For the value to have decreased from £390,000 to £388,305 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 12 STRET MORGAN LE FAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 12 STRET MORGAN LE FAY has not materially changed since May 2022.

How Large is 12 STRET MORGAN LE FAY?

12 STRET MORGAN LE FAY is 83m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% 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 12 STRET MORGAN LE FAY lies on this distribution: 19% of detached houses houses are smaller than 12 STRET MORGAN LE FAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Newquay.

12 STRET MORGAN LE FAY: Plot and Title Map

12 STRET MORGAN LE FAY sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 12 STRET MORGAN LE FAY, 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 12 STRET MORGAN LE FAY). 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 12 STRET MORGAN LE FAY?

12 STRET MORGAN LE FAY is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 12 on STRET MORGAN LE FAY.