BELMONT, OLD PAUL HILL, NEWLYN, PENZANCE, TR18 5BS - £475,000

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.

BELMONT is a very large extended semi-detached house of 190m², built sometime between 1900 and 1929, which could now be worth an estimated £550,071. It was last sold for £475,000 in February 2021, which was around 91% above the average February 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was December 2020, where the current energy rating was E, and the potential energy rating was C.

BELMONT Sold Prices

Land registry data shows four sales for BELMONT 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 BELMONT 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
2021 23 FEB	£475,000	£248,910	91% above HPI
2011 1 SEP	£345,000	£181,631	90% above HPI
2004 5 MAR	£260,000	£150,128	73% above HPI
2000 28 MAR	£105,000	£65,654	60% above HPI

BELMONT 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 BELMONT sales between March 2000 and February 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 September 2011 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the February 2021 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might BELMONT be worth now?

BELMONT might now be worth an estimated £550,071.

This is based on house price inflation of 15.8%, between February 2021 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 15.8% inflationary increase is applied to the most recent sale price for BELMONT of £475,000 on 23rd February 2021. For the value to have increased from £475,000 to £550,071 over the four years to February 2025, the following assumptions must hold true:

• The value of BELMONT has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The February 2021 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of BELMONT has not materially changed since February 2021.

How Large is BELMONT?

BELMONT is 190m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 10% of semi-detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newlyn, and where BELMONT lies on this distribution: 92% of semi-detached houses houses are smaller than BELMONT, and 8% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

BELMONT: Plot and Title Map

BELMONT sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of BELMONT, 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 BELMONT). 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 BELMONT?

BELMONT is located on OLD PAUL HILL in NEWLYN, in the TR18 postcode district. The below map shows the position of BELMONT on OLD PAUL HILL.