15, SCHOOL CLOSE, NEWQUAY, TR7 3EN - £270,000

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 SCHOOL CLOSE is a very small extended detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £286,061. It was last sold for £270,000 in November 2021, which was around 35% below the average November 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

15 SCHOOL CLOSE Sold Prices

Land registry data shows four sales for 15 SCHOOL CLOSE 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. All of the four 15 SCHOOL CLOSE 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 5 NOV	£270,000	£412,683	35% below HPI
2015 17 DEC	£190,000	£311,927	39% below HPI
2007 27 FEB	£175,000	£286,998	39% below HPI
1997 30 APR	£54,000	£78,940	32% below HPI

15 SCHOOL CLOSE 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 SCHOOL CLOSE sales between April 1997 and November 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 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2021 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 15 SCHOOL CLOSE be worth now?

15 SCHOOL CLOSE might now be worth an estimated £286,061.

This is based on house price inflation of 5.9%, between November 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 5.9% inflationary increase is applied to the most recent sale price for 15 SCHOOL CLOSE of £270,000 on 5th November 2021. For the value to have increased from £270,000 to £286,061 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 SCHOOL CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SCHOOL CLOSE has not materially changed since November 2021.

How Large is 15 SCHOOL CLOSE?

15 SCHOOL CLOSE is 73m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% 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 15 SCHOOL CLOSE lies on this distribution: 9% of detached houses houses are smaller than 15 SCHOOL CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Newquay.

15 SCHOOL CLOSE: Plot and Title Map

15 SCHOOL CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 15 SCHOOL CLOSE, 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 SCHOOL CLOSE). 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 SCHOOL CLOSE?

15 SCHOOL CLOSE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 15 on SCHOOL CLOSE.