4, HILL CLOSE, PENZANCE, TR18 3JX - £245,000

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.

4 HILL CLOSE is a very small extended detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £395,112. It was last sold for £245,000 in February 2013, which was around 10% below the average February 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

4 HILL CLOSE Sold Prices

Land registry data shows two sales for 4 HILL 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 4 HILL 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
2013 6 FEB	£245,000	£271,117	10% below HPI
2010 2 JUL	£194,000	£281,107	31% below HPI

4 HILL 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 4 HILL CLOSE sales from July 2010 and February 2013 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 2010 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2013 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 4 HILL CLOSE be worth now?

4 HILL CLOSE might now be worth an estimated £395,112.

This is based on house price inflation of 61.3%, between February 2013 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 61.3% inflationary increase is applied to the most recent sale price for 4 HILL CLOSE of £245,000 on 6th February 2013. For the value to have increased from £245,000 to £395,112 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 4 HILL CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 HILL CLOSE has not materially changed since February 2013.

How Large is 4 HILL CLOSE?

4 HILL CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where 4 HILL CLOSE lies on this distribution: 13% of detached houses houses are smaller than 4 HILL CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Penzance.

4 HILL CLOSE: Plot and Title Map

4 HILL CLOSE sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of 4 HILL 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 4 HILL 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 4 HILL CLOSE?

4 HILL CLOSE is located in PENZANCE, in the TR18 postcode district. The below map shows the position of No. 4 on HILL CLOSE.