2, PARC ADIT, ADIT LANE, NEWLYN, PENZANCE, TR18 5DX - £185,000

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 PARC ADIT is a small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £185,000 in September 2014, which was around 36% below the average September 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

2 PARC ADIT Sold Prices

Land registry data shows two sales for 2 PARC ADIT 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. Both of the two 2 PARC ADIT 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
2014 1 SEP	£185,000	£290,112	36% below HPI
2004 27 FEB	£194,500	£228,443	15% below HPI

2 PARC ADIT 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 PARC ADIT sales from February 2004 and September 2014 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 February 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2014 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 PARC ADIT?

2 PARC ADIT is 87m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 30% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where 2 PARC ADIT lies on this distribution: 28% of detached houses are smaller than 2 PARC ADIT, and 72% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

2 PARC ADIT: Plot and Title Map

2 PARC ADIT sits on a plot of roughly 0.106 of an acre, or 431m². The below map shows the location of 2 PARC ADIT, 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 PARC ADIT). 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 PARC ADIT?

2 PARC ADIT is located on ADIT LANE in NEWLYN, in the TR18 postcode district. The below map shows the position of 2 PARC ADIT on ADIT LANE.