2, PLACE PARC, NEWQUAY, TR7 3HY - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PLACE PARC is a small detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £356,942. It was last sold for £235,000 in January 2015, which was around 20% below the average January 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

2 PLACE PARC Sold Prices

Land registry data shows two sales for 2 PLACE PARC 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 PLACE PARC 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
2015 7 JAN	£235,000	£292,318	20% below HPI
2006 10 NOV	£230,000	£286,027	20% below HPI

2 PLACE PARC 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 PLACE PARC sales from November 2006 and January 2015 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 November 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2015 sale, which was also at 20% below the HPI.

What might 2 PLACE PARC be worth now?

2 PLACE PARC might now be worth an estimated £356,942.

This is based on house price inflation of 51.9%, between January 2015 and December 2024, 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 51.9% inflationary increase is applied to the most recent sale price for 2 PLACE PARC of £235,000 on 7th January 2015. For the value to have increased from £235,000 to £356,942 over the eight years and one month to December 2024, the following assumptions must hold true:

• The value of 2 PLACE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2015 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PLACE PARC has not materially changed since January 2015.

How Large is 2 PLACE PARC?

2 PLACE PARC is 89m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% 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 PLACE PARC lies on this distribution: 28% of detached houses houses are smaller than 2 PLACE PARC, and 71% of houses are larger. Note that EPC data is not available for all properties in Newquay.

2 PLACE PARC: Plot and Title Map

2 PLACE PARC sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 2 PLACE PARC, 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 PLACE PARC). 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 PLACE PARC?

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