3, PENWARTHA CLOSE, NEWQUAY, TR7 3JQ - £205,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 PENWARTHA CLOSE is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £306,631. It was last sold for £205,000 in February 2015, which was around 30% below the average February 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

3 PENWARTHA CLOSE Sold Prices

Land registry data shows two sales for 3 PENWARTHA 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. Both of the two 3 PENWARTHA CLOSE 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 6 FEB	£205,000	£292,313	30% below HPI
2000 12 JUL	£83,000	£116,510	29% below HPI

3 PENWARTHA 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 PENWARTHA CLOSE sales from July 2000 and February 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 July 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 PENWARTHA CLOSE be worth now?

3 PENWARTHA CLOSE might now be worth an estimated £306,631.

This is based on house price inflation of 49.6%, between February 2015 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 49.6% inflationary increase is applied to the most recent sale price for 3 PENWARTHA CLOSE of £205,000 on 6th February 2015. For the value to have increased from £205,000 to £306,631 over the ten years to February 2025, the following assumptions must hold true:

• The value of 3 PENWARTHA CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2015 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PENWARTHA CLOSE has not materially changed since February 2015.

How Large is 3 PENWARTHA CLOSE?

3 PENWARTHA CLOSE is 65m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 PENWARTHA CLOSE lies on this distribution: 3% of detached houses houses are smaller than 3 PENWARTHA CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Newquay.

3 PENWARTHA CLOSE: Plot and Title Map

3 PENWARTHA CLOSE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 3 PENWARTHA 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 PENWARTHA 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 PENWARTHA CLOSE?

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