9, CHYVELLAS CLOSE, NEWLYN, PENZANCE, TR18 5RB - £305,000

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.

9 CHYVELLAS CLOSE is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £347,927. It was last sold for £305,000 in January 2021, which was around 20% below the average January 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

9 CHYVELLAS CLOSE Sold Prices

Land registry data shows four sales for 9 CHYVELLAS CLOSE 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. All of the four 9 CHYVELLAS CLOSE 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
2021 7 JAN	£305,000	£383,286	20% below HPI
2010 16 JUL	£201,000	£281,107	28% below HPI
2001 17 AUG	£107,000	£134,051	20% below HPI
1998 20 NOV	£68,500	£92,806	26% below HPI

9 CHYVELLAS CLOSE 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 9 CHYVELLAS CLOSE sales between November 1998 and January 2021 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 July 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 9 CHYVELLAS CLOSE be worth now?

9 CHYVELLAS CLOSE might now be worth an estimated £347,927.

This is based on house price inflation of 14.1%, between January 2021 and February 2025, for 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 14.1% inflationary increase is applied to the most recent sale price for 9 CHYVELLAS CLOSE of £305,000 on 7th January 2021. For the value to have increased from £305,000 to £347,927 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 9 CHYVELLAS CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The January 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 9 CHYVELLAS CLOSE has not materially changed since January 2021.

How Large is 9 CHYVELLAS CLOSE?

9 CHYVELLAS CLOSE is 97m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% of detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where 9 CHYVELLAS CLOSE lies on this distribution: 39% of detached houses houses are smaller than 9 CHYVELLAS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

9 CHYVELLAS CLOSE: Plot and Title Map

9 CHYVELLAS CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 9 CHYVELLAS CLOSE, 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 9 CHYVELLAS CLOSE). 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 9 CHYVELLAS CLOSE?

9 CHYVELLAS CLOSE is located in NEWLYN, in the TR18 postcode district. The below map shows the position of No. 9 on CHYVELLAS CLOSE.