BLUE ELVIN, FORE STREET, NEWLYN, PENZANCE, TR18 5JT - £1,496,500

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

BLUE ELVIN is a very large extended detached house of 257m², built sometime from 2007 onwards. It was last sold for £1,496,500 in June 2023, which was around 243% above the average June 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was D.

BLUE ELVIN Sold Prices

Land registry data shows four sales for BLUE ELVIN 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. Most of the four BLUE ELVIN 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
2023 1 JUN	£1,496,500	£436,400	243% above HPI
2015 17 DEC	£950,000	£307,089	209% above HPI
2011 24 OCT	£240,000	£274,646	13% below HPI
2005 11 FEB	£270,000	£255,020	6% above HPI

BLUE ELVIN 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 BLUE ELVIN sales between February 2005 and June 2023 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 2015 sale was for 209% above the HPI. So the extrapolation line tracks at 209% above the HPI over time, until the June 2023 sale, where it rises to 243% above the HPI. The line then continues to track at 243% above the HPI.

How Large is BLUE ELVIN?

BLUE ELVIN is 257m², which includes four extensions, according to the EPC inspection conducted in February 2013. This puts it in the largest 10% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where BLUE ELVIN lies on this distribution: 99% of detached houses are smaller than BLUE ELVIN, and 1% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

BLUE ELVIN: Plot and Title Map

BLUE ELVIN sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of BLUE ELVIN, 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 BLUE ELVIN). 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 BLUE ELVIN?

BLUE ELVIN is located on FORE STREET in NEWLYN, in the TR18 postcode district. The below map shows the position of BLUE ELVIN on FORE STREET.