3, LOWER GURNICK ROAD, NEWLYN, PENZANCE, TR18 5QL - £275,000

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

3 LOWER GURNICK ROAD is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £275,000 in August 2020, which was around 21% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was C.

3 LOWER GURNICK ROAD Sold Prices

Land registry data shows two sales for 3 LOWER 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 3 LOWER 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
2020 4 AUG	£275,000	£348,820	21% below HPI
2006 20 DEC	£220,000	£280,057	21% below HPI

3 LOWER 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 3 LOWER GURNICK ROAD sales from December 2006 and August 2020 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 2006 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2020 sale, which was also at 21% below the HPI.

How Large is 3 LOWER GURNICK ROAD?

3 LOWER GURNICK ROAD is 75m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where 3 LOWER GURNICK ROAD lies on this distribution: 14% of detached houses are smaller than 3 LOWER GURNICK ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

3 LOWER GURNICK ROAD: Plot and Title Map

3 LOWER GURNICK ROAD sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 3 LOWER 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 3 LOWER 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 3 LOWER GURNICK ROAD?

3 LOWER GURNICK ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 3 on LOWER GURNICK ROAD.