2, BILLINGS DRIVE, NEWQUAY, TR7 2SQ - £290,000

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.

2 BILLINGS DRIVE is a midsized detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £380,736. It was last sold for £290,000 in February 2018, which was around 13% below the average February 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

2 BILLINGS DRIVE Sold Prices

Land registry data shows two sales for 2 BILLINGS DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two 2 BILLINGS DRIVE sales was for below the average price, whilst the other was 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
2018 26 FEB	£290,000	£333,031	13% below HPI
1996 2 APR	£78,500	£71,136	10% above HPI

2 BILLINGS 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 two 2 BILLINGS DRIVE sales from April 1996 and February 2018 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 April 1996 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the February 2018 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 BILLINGS DRIVE be worth now?

2 BILLINGS DRIVE might now be worth an estimated £380,736.

This is based on house price inflation of 31.3%, between February 2018 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 31.3% inflationary increase is applied to the most recent sale price for 2 BILLINGS DRIVE of £290,000 on 26th February 2018. For the value to have increased from £290,000 to £380,736 over the seven years to February 2025, the following assumptions must hold true:

• The value of 2 BILLINGS DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2018 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BILLINGS DRIVE has not materially changed since February 2018.

How Large is 2 BILLINGS DRIVE?

2 BILLINGS DRIVE is 115m² according to the EPC inspection conducted in April 2017. This puts it in the largest 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 2 BILLINGS DRIVE lies on this distribution: 57% of detached houses houses are smaller than 2 BILLINGS DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Newquay.

2 BILLINGS DRIVE: Plot and Title Map

2 BILLINGS DRIVE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 2 BILLINGS 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 2 BILLINGS 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 2 BILLINGS DRIVE?

2 BILLINGS DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 2 on BILLINGS DRIVE.