5, MEADOW VILLAS, NEWLYN, PENZANCE, TR18 5EN - £387,000

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.

5 MEADOW VILLAS is a small detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £385,318. It was last sold for £387,000 in May 2022, which was around 12% below the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

5 MEADOW VILLAS Sold Prices

Land registry data shows two sales for 5 MEADOW VILLAS 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 5 MEADOW VILLAS 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
2022 13 MAY	£387,000	£439,140	12% below HPI
2015 23 MAR	£190,000	£293,629	35% below HPI

5 MEADOW VILLAS 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 5 MEADOW VILLAS sales from March 2015 and May 2022 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 March 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 MEADOW VILLAS be worth now?

5 MEADOW VILLAS might now be worth an estimated £385,318.

This is based on house price deflation of 0.4%, between May 2022 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 0.4% deflationary decrease is applied to the most recent sale price for 5 MEADOW VILLAS of £387,000 on 13th May 2022. For the value to have decreased from £387,000 to £385,318 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 5 MEADOW VILLAS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2022 sale price of £387,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADOW VILLAS has not materially changed since May 2022.

How Large is 5 MEADOW VILLAS?

5 MEADOW VILLAS is 88m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 30% 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 5 MEADOW VILLAS lies on this distribution: 28% of detached houses houses are smaller than 5 MEADOW VILLAS, and 72% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

5 MEADOW VILLAS: Plot and Title Map

5 MEADOW VILLAS sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 5 MEADOW VILLAS, 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 5 MEADOW VILLAS). 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 5 MEADOW VILLAS?

5 MEADOW VILLAS is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 5 on MEADOW VILLAS.