6, RESTORMEL ROAD, NEWLYN, PENZANCE, TR18 5QP - £270,000

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

6 RESTORMEL ROAD is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £270,000 in February 2018, which was around 18% below the average February 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

6 RESTORMEL ROAD Sold Prices

Land registry data shows three sales for 6 RESTORMEL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 6 RESTORMEL ROAD 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
2018 23 FEB	£270,000	£327,866	18% below HPI
2015 1 MAY	£263,000	£295,858	11% below HPI
2004 24 SEP	£192,500	£257,040	25% below HPI

6 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 three 6 RESTORMEL ROAD sales between September 2004 and February 2018 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 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 6 RESTORMEL ROAD?

6 RESTORMEL ROAD is 76m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where 6 RESTORMEL ROAD lies on this distribution: 16% of detached houses are smaller than 6 RESTORMEL ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

6 RESTORMEL ROAD: Plot and Title Map

6 RESTORMEL ROAD sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 6 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 6 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 6 RESTORMEL ROAD?

6 RESTORMEL ROAD is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 6 on RESTORMEL ROAD.