2, PENKERNICK CLOSE, NEWLYN, PENZANCE, TR18 5DA - £235,000

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 PENKERNICK CLOSE is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £371,745. It was last sold for £235,000 in August 2012, which was around 15% below the average August 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

2 PENKERNICK CLOSE Sold Prices

Land registry data shows three sales for 2 PENKERNICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Two of the three 2 PENKERNICK CLOSE sales were for below the average price, whilst one 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
2012 14 AUG	£235,000	£276,397	15% below HPI
2008 18 JUL	£290,000	£286,766	1% above HPI
2000 30 JUN	£35,000	£113,178	69% below HPI

2 PENKERNICK CLOSE 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 three 2 PENKERNICK CLOSE sales between June 2000 and August 2012 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 July 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2012 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 PENKERNICK CLOSE be worth now?

2 PENKERNICK CLOSE might now be worth an estimated £371,745.

This is based on house price inflation of 58.2%, between August 2012 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 58.2% inflationary increase is applied to the most recent sale price for 2 PENKERNICK CLOSE of £235,000 on 14th August 2012. For the value to have increased from £235,000 to £371,745 over the thirteen years and six months to February 2025, the following assumptions must hold true:

• The value of 2 PENKERNICK CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2012 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENKERNICK CLOSE has not materially changed since August 2012.

How Large is 2 PENKERNICK CLOSE?

2 PENKERNICK CLOSE is 92m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 40% of detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where 2 PENKERNICK CLOSE lies on this distribution: 32% of detached houses houses are smaller than 2 PENKERNICK CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

2 PENKERNICK CLOSE: Plot and Title Map

2 PENKERNICK CLOSE sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 2 PENKERNICK CLOSE, 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 PENKERNICK CLOSE). 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 PENKERNICK CLOSE?

2 PENKERNICK CLOSE is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 2 on PENKERNICK CLOSE.