24, GURNICK ROAD, NEWLYN, PENZANCE, TR18 5DG - £212,500

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

24 GURNICK ROAD is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £345,370. It was last sold for £212,500 in June 2006, which was around 22% below the average June 2006 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2023, where the current energy rating was E, and the potential energy rating was B.

24 GURNICK ROAD Sold Prices

Land registry data shows two sales for 24 GURNICK ROAD 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 24 GURNICK ROAD 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
2006 8 JUN	£212,500	£273,187	22% below HPI
1998 4 DEC	£69,500	£92,158	25% below HPI

24 GURNICK ROAD 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 24 GURNICK ROAD sales from December 1998 and June 2006 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 December 1998 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2006 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 24 GURNICK ROAD be worth now?

24 GURNICK ROAD might now be worth an estimated £345,370.

This is based on house price inflation of 62.5%, between June 2006 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 62.5% inflationary increase is applied to the most recent sale price for 24 GURNICK ROAD of £212,500 on 8th June 2006. For the value to have increased from £212,500 to £345,370 over the seventeen years and six months to December 2024, the following assumptions must hold true:

• The value of 24 GURNICK ROAD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2006 sale price of £212,500 represented a fair market value for the property.
• The size, condition, and specification of 24 GURNICK ROAD has not materially changed since June 2006.

How Large is 24 GURNICK ROAD?

24 GURNICK ROAD is 94m², which includes two extensions, according to the EPC inspection conducted in February 2023. 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 24 GURNICK ROAD lies on this distribution: 35% of detached houses houses are smaller than 24 GURNICK ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

24 GURNICK ROAD: Plot and Title Map

24 GURNICK ROAD sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of 24 GURNICK ROAD, 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 24 GURNICK ROAD). 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 24 GURNICK ROAD?

24 GURNICK ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 24 on GURNICK ROAD.