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

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.

BLUE ELVIN is a very large extended detached house of 257m², built sometime from 2007 onwards, which could now be worth an estimated £1,476,092. It was last sold for £1,496,500 in June 2023, which was around 238% 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	£443,276	238% above HPI
2015 17 DEC	£950,000	£311,927	205% above HPI
2011 24 OCT	£240,000	£278,973	14% below HPI
2005 11 FEB	£270,000	£259,038	4% 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 205% above the HPI. So the extrapolation line tracks at 205% above the HPI over time, until the June 2023 sale, where it rises to 238% above the HPI. The line then continues to track at 238% above the HPI.

What might BLUE ELVIN be worth now?

BLUE ELVIN might now be worth an estimated £1,476,092.

This is based on house price deflation of 1.4%, between June 2023 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 1.4% deflationary decrease is applied to the most recent sale price for BLUE ELVIN of £1,496,500 on 1st June 2023. For the value to have decreased from £1,496,500 to £1,476,092 over the two years and four months to February 2025, the following assumptions must hold true:

• The value of BLUE ELVIN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2023 sale price of £1,496,500 represented a fair market value for the property.
• The size, condition, and specification of BLUE ELVIN has not materially changed since June 2023.

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 houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where BLUE ELVIN lies on this distribution: 99% of detached houses 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.