2, GWEL TEK, PHILLACK, HAYLE, TR27 4QN - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 GWEL TEK is a very small detached house of 49m², built sometime between 1983 and 1990. It was last sold for £240,000 in December 2020, which was around 37% below the average December 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

2 GWEL TEK Sold Prices

Land registry data shows five sales for 2 GWEL TEK 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 2 GWEL TEK 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
2020 18 DEC	£240,000	£379,621	37% below HPI
2014 8 AUG	£214,950	£283,301	24% below HPI
2004 26 MAY	£170,000	£235,691	28% below HPI
1998 30 OCT	£68,500	£91,148	25% below HPI
1996 6 DEC	£50,000	£75,408	34% below HPI

2 GWEL TEK 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 2 GWEL TEK sales between December 1996 and December 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 August 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2020 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 2 GWEL TEK?

2 GWEL TEK is 49m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Hayle, based on EPC data. The below chart shows the distribution of detached houses by size in Hayle, and where 2 GWEL TEK lies on this distribution: 1% of detached houses are smaller than 2 GWEL TEK, and 99% of houses are larger. Note that EPC data is not available for all properties in Hayle.

2 GWEL TEK: Plot and Title Map

2 GWEL TEK sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 2 GWEL TEK, 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 GWEL TEK). 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 GWEL TEK?

2 GWEL TEK is located in PHILLACK, in the TR27 postcode district. The below map shows the position of No. 2 on GWEL TEK.