3, POLVELLA CLOSE, NEWQUAY, TR7 1QG - £250,000

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 POLVELLA CLOSE is a very small detached house of 80m², built sometime between 1983 and 1990. It was last sold for £250,000 in November 2014, which was around 14% below the average November 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

3 POLVELLA CLOSE Sold Prices

Land registry data shows three sales for 3 POLVELLA CLOSE 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 3 POLVELLA 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
2014 27 NOV	£250,000	£291,705	14% below HPI
2012 16 AUG	£236,000	£272,110	13% below HPI
1996 9 DEC	£60,000	£75,408	20% below HPI

3 POLVELLA 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 three 3 POLVELLA CLOSE sales between December 1996 and November 2014 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 August 2012 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 POLVELLA CLOSE?

3 POLVELLA CLOSE is 80m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where 3 POLVELLA CLOSE lies on this distribution: 15% of detached houses are smaller than 3 POLVELLA CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Newquay.

3 POLVELLA CLOSE: Plot and Title Map

3 POLVELLA CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 3 POLVELLA 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 POLVELLA 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 POLVELLA CLOSE?

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