34, FORBES ROAD, NEWLYN, PENZANCE, TR18 5DQ - £238,000

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.

34 FORBES ROAD is a very small detached house of 52m², built sometime between 1967 and 1975, which could now be worth an estimated £271,960. It was last sold for £238,000 in April 2021, which was around 38% below the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was B.

34 FORBES ROAD Sold Prices

Land registry data shows four sales for 34 FORBES ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 34 FORBES 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
2021 29 APR	£238,000	£382,633	38% below HPI
2019 30 SEP	£236,000	£349,063	32% below HPI
2016 26 FEB	£179,000	£306,605	42% below HPI
2003 5 DEC	£150,000	£227,369	34% below HPI

34 FORBES 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 four 34 FORBES ROAD sales between December 2003 and April 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 September 2019 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 34 FORBES ROAD be worth now?

34 FORBES ROAD might now be worth an estimated £271,960.

This is based on house price inflation of 14.3%, between April 2021 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 14.3% inflationary increase is applied to the most recent sale price for 34 FORBES ROAD of £238,000 on 29th April 2021. For the value to have increased from £238,000 to £271,960 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 34 FORBES ROAD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 34 FORBES ROAD has not materially changed since April 2021.

How Large is 34 FORBES ROAD?

34 FORBES ROAD is 52m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 10% of detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where 34 FORBES ROAD lies on this distribution: 2% of detached houses houses are smaller than 34 FORBES ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

34 FORBES ROAD: Plot and Title Map

34 FORBES ROAD sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 34 FORBES 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 34 FORBES 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 34 FORBES ROAD?

34 FORBES ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 34 on FORBES ROAD.