8, GWEL TEK, PHILLACK, HAYLE, TR27 4QN - £375,000

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

8 GWEL TEK is a very small detached house of 69m², built sometime between 1996 and 2002. It was last sold for £375,000 in March 2024, which was around 13% below the average March 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

8 GWEL TEK Sold Prices

Land registry data shows two sales for 8 GWEL TEK 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 8 GWEL TEK 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
2024 18 MAR	£375,000	£432,326	13% below HPI
1995 17 MAR	£59,950	£70,069	14% below HPI

8 GWEL TEK 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 8 GWEL TEK sales from March 1995 and March 2024 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 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2024 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 8 GWEL TEK?

8 GWEL TEK is 69m² according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of detached houses in Hayle, based on EPC data. The below chart shows the distribution of detached houses by size in Hayle, and where 8 GWEL TEK lies on this distribution: 13% of detached houses are smaller than 8 GWEL TEK, and 87% of houses are larger. Note that EPC data is not available for all properties in Hayle.

8 GWEL TEK: Plot and Title Map

8 GWEL TEK sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 8 GWEL TEK, 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 8 GWEL TEK). 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 8 GWEL TEK?

8 GWEL TEK is located in PHILLACK, in the TR27 postcode district. The below map shows the position of No. 8 on GWEL TEK.