51, PENMERE DRIVE, NEWQUAY, TR7 1QQ - £490,000

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

51 PENMERE DRIVE is a midsized extended detached house of 107m², built sometime between 1983 and 1990. It was last sold for £490,000 in December 2022, which was around 7% above the average December 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

51 PENMERE DRIVE Sold Prices

Land registry data shows four sales for 51 PENMERE DRIVE 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. two of the four 51 PENMERE DRIVE sales were for above the average price, and four 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 21 DEC	£490,000	£456,326	7% above HPI
2021 12 MAR	£406,000	£375,921	8% above HPI
1999 26 MAR	£74,000	£93,565	21% below HPI
1997 27 JUN	£67,000	£79,490	16% below HPI

51 PENMERE DRIVE 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 51 PENMERE DRIVE sales between June 1997 and December 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 2021 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 51 PENMERE DRIVE?

51 PENMERE DRIVE is 107m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the smallest 50% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where 51 PENMERE DRIVE lies on this distribution: 48% of detached houses are smaller than 51 PENMERE DRIVE, and 51% of houses are larger. Note that EPC data is not available for all properties in Newquay.

51 PENMERE DRIVE: Plot and Title Map

51 PENMERE DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 51 PENMERE DRIVE, 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 51 PENMERE DRIVE). 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 51 PENMERE DRIVE?

51 PENMERE DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 51 on PENMERE DRIVE.