40, RESTORMEL ROAD, NEWLYN, PENZANCE, TR18 5QP - £525,000

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

40 RESTORMEL ROAD is a very large detached house of 205m². It was last sold for £525,000 in June 2017, which was around 69% above the average June 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was B, and the potential energy rating was B.

40 RESTORMEL ROAD Sold Prices

Land registry data shows two sales for 40 RESTORMEL ROAD 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 40 RESTORMEL ROAD sales were for above 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
2017 15 JUN	£525,000	£311,096	69% above HPI
2013 3 MAY	£440,000	£268,817	64% above HPI

40 RESTORMEL 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 two 40 RESTORMEL ROAD sales from May 2013 and June 2017 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 May 2013 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the June 2017 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is 40 RESTORMEL ROAD?

40 RESTORMEL ROAD is 205m² according to the EPC inspection conducted in March 2013. This puts it in the largest 10% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where 40 RESTORMEL ROAD lies on this distribution: 95% of detached houses are smaller than 40 RESTORMEL ROAD, and 5% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

40 RESTORMEL ROAD: Plot and Title Map

40 RESTORMEL ROAD sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 40 RESTORMEL 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 40 RESTORMEL 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 40 RESTORMEL ROAD?

40 RESTORMEL ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 40 on RESTORMEL ROAD.