2A, PLACE PARC, NEWQUAY, TR7 3HY - £350,000

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

2A PLACE PARC is a small detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £355,056. It was last sold for £350,000 in September 2024, which was around 19% below the average September 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was B.

2A PLACE PARC Sold Prices

Land registry data shows three sales for 2A PLACE PARC 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. All of the three 2A 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
2024 30 SEP	£350,000	£431,005	19% below HPI
2013 18 OCT	£208,000	£281,992	26% below HPI
2006 13 NOV	£225,000	£286,027	21% below HPI

2A 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 three 2A PLACE PARC sales between November 2006 and September 2024 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 October 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2024 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2A PLACE PARC be worth now?

2A PLACE PARC might now be worth an estimated £355,056.

This is based on house price inflation of 1.4%, between September 2024 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 1.4% inflationary increase is applied to the most recent sale price for 2A PLACE PARC of £350,000 on 30th September 2024. For the value to have increased from £350,000 to £355,056 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 2A PLACE PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2A PLACE PARC has not materially changed since September 2024.

How Large is 2A PLACE PARC?

2A PLACE PARC is 90m² according to the EPC inspection conducted in September 2024. 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 2A PLACE PARC lies on this distribution: 29% of detached houses houses are smaller than 2A PLACE PARC, and 70% of houses are larger. Note that EPC data is not available for all properties in Newquay.

2A PLACE PARC: Plot and Title Map

2A PLACE PARC sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 2A 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 2A 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 2A PLACE PARC?

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