8, WELL WAY, NEWQUAY, TR7 3LR - £150,000

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 WELL WAY is a very small extended detached house of 71m², built sometime between 1950 and 1966. It was last sold for £150,000 in September 2002, which was around 14% below the average September 2002 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

8 WELL WAY Sold Prices

Land registry data shows two sales for 8 WELL WAY 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 WELL WAY 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
2002 5 SEP	£150,000	£175,013	14% below HPI
2000 8 DEC	£82,500	£120,548	32% below HPI

8 WELL WAY 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 WELL WAY sales from December 2000 and September 2002 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 December 2000 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2002 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 8 WELL WAY?

8 WELL WAY is 71m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where 8 WELL WAY lies on this distribution: 7% of detached houses are smaller than 8 WELL WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Newquay.

8 WELL WAY: Plot and Title Map

8 WELL WAY sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 8 WELL WAY, 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 WELL WAY). 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 WELL WAY?

8 WELL WAY is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 8 on WELL WAY.