15, RESTORMEL ROAD, NEWLYN, PENZANCE, TR18 5QP - £365,000

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.

15 RESTORMEL ROAD is a large detached house of 145m², built sometime between 1950 and 1966, which could now be worth an estimated £463,259. It was last sold for £365,000 in February 2020, which was around 6% above the average February 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2019, where the current energy rating was F, and the potential energy rating was D.

15 RESTORMEL ROAD Sold Prices

Land registry data shows four sales for 15 RESTORMEL ROAD 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 15 RESTORMEL ROAD 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
2020 14 FEB	£365,000	£344,493	6% above HPI
2019 29 NOV	£325,000	£349,562	7% below HPI
2000 25 JUL	£145,000	£116,510	24% above HPI
1999 21 DEC	£135,000	£104,954	29% above HPI

15 RESTORMEL ROAD 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 15 RESTORMEL ROAD sales between December 1999 and February 2020 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 November 2019 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the February 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 15 RESTORMEL ROAD be worth now?

15 RESTORMEL ROAD might now be worth an estimated £463,259.

This is based on house price inflation of 26.9%, between February 2020 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 26.9% inflationary increase is applied to the most recent sale price for 15 RESTORMEL ROAD of £365,000 on 14th February 2020. For the value to have increased from £365,000 to £463,259 over the five years to February 2025, the following assumptions must hold true:

• The value of 15 RESTORMEL ROAD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RESTORMEL ROAD has not materially changed since February 2020.

How Large is 15 RESTORMEL ROAD?

15 RESTORMEL ROAD is 145m² according to the EPC inspection conducted in November 2019. This puts it in the largest 30% of detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where 15 RESTORMEL ROAD lies on this distribution: 79% of detached houses houses are smaller than 15 RESTORMEL ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

15 RESTORMEL ROAD: Plot and Title Map

15 RESTORMEL ROAD sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 15 RESTORMEL ROAD, 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 15 RESTORMEL ROAD). 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 15 RESTORMEL ROAD?

15 RESTORMEL ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 15 on RESTORMEL ROAD.