173, PENMERE DRIVE, NEWQUAY, TR7 1RY - £440,000

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.

173 PENMERE DRIVE is a large extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £502,784. It was last sold for £440,000 in April 2021, which was around 15% above the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

173 PENMERE DRIVE Sold Prices

Land registry data shows six sales for 173 PENMERE DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the six 173 PENMERE DRIVE 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
2021 29 APR	£440,000	£382,633	15% above HPI
2015 27 AUG	£300,000	£303,660	1% below HPI
2011 25 JUL	£275,000	£272,094	1% above HPI
2005 30 NOV	£289,500	£265,882	9% above HPI
2002 22 MAR	£157,000	£151,663	4% above HPI
2001 25 JUN	£146,950	£130,118	13% above HPI

173 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 six 173 PENMERE DRIVE sales between June 2001 and April 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 August 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2021 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 173 PENMERE DRIVE be worth now?

173 PENMERE DRIVE might now be worth an estimated £502,784.

This is based on house price inflation of 14.3%, between April 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 14.3% inflationary increase is applied to the most recent sale price for 173 PENMERE DRIVE of £440,000 on 29th April 2021. For the value to have increased from £440,000 to £502,784 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 173 PENMERE DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 173 PENMERE DRIVE has not materially changed since April 2021.

How Large is 173 PENMERE DRIVE?

173 PENMERE DRIVE is 122m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 40% 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 173 PENMERE DRIVE lies on this distribution: 63% of detached houses houses are smaller than 173 PENMERE DRIVE, and 37% of houses are larger. Note that EPC data is not available for all properties in Newquay.

173 PENMERE DRIVE: Plot and Title Map

173 PENMERE DRIVE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 173 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 173 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 173 PENMERE DRIVE?

173 PENMERE DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 173 on PENMERE DRIVE.