57, PENMERE DRIVE, NEWQUAY, TR7 1QQ - £237,500

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.

57 PENMERE DRIVE is a small semi-detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £341,202. It was last sold for £237,500 in May 2016, which was around 18% above the average May 2016 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

57 PENMERE DRIVE Sold Prices

Land registry data shows four sales for 57 PENMERE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the four 57 PENMERE DRIVE 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
2016 27 MAY	£237,500	£200,641	18% above HPI
2006 11 AUG	£197,000	£183,170	8% above HPI
2001 1 JUN	£94,950	£79,749	19% above HPI
1997 5 AUG	£64,000	£52,467	22% above HPI

57 PENMERE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The four 57 PENMERE DRIVE sales between August 1997 and May 2016 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 August 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2016 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 57 PENMERE DRIVE be worth now?

57 PENMERE DRIVE might now be worth an estimated £341,202.

This is based on house price inflation of 43.7%, between May 2016 and February 2025, for semi-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 43.7% inflationary increase is applied to the most recent sale price for 57 PENMERE DRIVE of £237,500 on 27th May 2016. For the value to have increased from £237,500 to £341,202 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 57 PENMERE DRIVE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The May 2016 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 57 PENMERE DRIVE has not materially changed since May 2016.

How Large is 57 PENMERE DRIVE?

57 PENMERE DRIVE is 98m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of semi-detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newquay, and where 57 PENMERE DRIVE lies on this distribution: 38% of semi-detached houses houses are smaller than 57 PENMERE DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Newquay.

57 PENMERE DRIVE: Plot and Title Map

57 PENMERE DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 57 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 57 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 57 PENMERE DRIVE?

57 PENMERE DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 57 on PENMERE DRIVE.