159, PENMERE DRIVE, NEWQUAY, TR7 1NS - £290,000

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

159 PENMERE DRIVE is a midsized detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £287,467. It was last sold for £290,000 in June 2022, which was around 34% below the average June 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

159 PENMERE DRIVE Sold Prices

Land registry data shows five sales for 159 PENMERE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 159 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
2022 9 JUN	£290,000	£441,083	34% below HPI
2009 23 JAN	£212,080	£257,567	18% below HPI
2005 14 SEP	£225,000	£265,746	15% below HPI
2002 30 MAY	£144,950	£157,046	8% below HPI
1999 28 MAY	£89,950	£95,092	5% below HPI

159 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 five 159 PENMERE DRIVE sales between May 1999 and June 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 January 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 159 PENMERE DRIVE be worth now?

159 PENMERE DRIVE might now be worth an estimated £287,467.

This is based on house price deflation of 0.9%, between June 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 0.9% deflationary decrease is applied to the most recent sale price for 159 PENMERE DRIVE of £290,000 on 9th June 2022. For the value to have decreased from £290,000 to £287,467 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 159 PENMERE DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 159 PENMERE DRIVE has not materially changed since June 2022.

How Large is 159 PENMERE DRIVE?

159 PENMERE DRIVE is 101m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 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 159 PENMERE DRIVE lies on this distribution: 41% of detached houses houses are smaller than 159 PENMERE DRIVE, and 57% of houses are larger. Note that EPC data is not available for all properties in Newquay.

159 PENMERE DRIVE: Plot and Title Map

159 PENMERE DRIVE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 159 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 159 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 159 PENMERE DRIVE?

159 PENMERE DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 159 on PENMERE DRIVE.