3, PENGANNEL CLOSE, NEWQUAY, TR7 2AT - £425,000

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

3 PENGANNEL CLOSE is a small detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £453,874. It was last sold for £425,000 in December 2021, which was around 2% above the average December 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

3 PENGANNEL CLOSE Sold Prices

Land registry data shows two sales for 3 PENGANNEL CLOSE 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. One of the two 3 PENGANNEL CLOSE sales was for above the average price, whilst the other was 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
2021 15 DEC	£425,000	£415,757	2% above HPI
2008 8 FEB	£272,000	£301,446	10% below HPI

3 PENGANNEL 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 two 3 PENGANNEL CLOSE sales from February 2008 and December 2021 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 February 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2021 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 PENGANNEL CLOSE be worth now?

3 PENGANNEL CLOSE might now be worth an estimated £453,874.

This is based on house price inflation of 6.8%, between December 2021 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 6.8% inflationary increase is applied to the most recent sale price for 3 PENGANNEL CLOSE of £425,000 on 15th December 2021. For the value to have increased from £425,000 to £453,874 over the three years to December 2024, the following assumptions must hold true:

• The value of 3 PENGANNEL CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENGANNEL CLOSE has not materially changed since December 2021.

How Large is 3 PENGANNEL CLOSE?

3 PENGANNEL CLOSE is 98m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% 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 3 PENGANNEL CLOSE lies on this distribution: 38% of detached houses houses are smaller than 3 PENGANNEL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Newquay.

3 PENGANNEL CLOSE: Plot and Title Map

3 PENGANNEL CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 3 PENGANNEL 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 3 PENGANNEL 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 3 PENGANNEL CLOSE?

3 PENGANNEL CLOSE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 3 on PENGANNEL CLOSE.