DRACAENA PALMS, ALEXANDRA ROAD, NEWQUAY, TR7 3NB - £835,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

DRACAENA PALMS is a large extended detached house of 144m², built sometime between 1976 and 1982, which could now be worth an estimated £840,528. It was last sold for £835,000 in June 2022, which was around 89% above the average June 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

DRACAENA PALMS Sold Prices

Land registry data shows two sales for DRACAENA PALMS 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 DRACAENA PALMS 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
2022 28 JUN	£835,000	£441,083	89% above HPI
2015 12 FEB	£485,000	£292,313	66% above HPI

DRACAENA PALMS 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 DRACAENA PALMS sales from February 2015 and June 2022 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 February 2015 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the June 2022 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might DRACAENA PALMS be worth now?

DRACAENA PALMS might now be worth an estimated £840,528.

This is based on house price inflation of 0.7%, between June 2022 and December 2024, 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 0.7% inflationary increase is applied to the most recent sale price for DRACAENA PALMS of £835,000 on 28th June 2022. For the value to have increased from £835,000 to £840,528 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of DRACAENA PALMS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2022 sale price of £835,000 represented a fair market value for the property.
• The size, condition, and specification of DRACAENA PALMS has not materially changed since June 2022.

How Large is DRACAENA PALMS?

DRACAENA PALMS is 144m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where DRACAENA PALMS lies on this distribution: 77% of detached houses houses are smaller than DRACAENA PALMS, and 23% of houses are larger. Note that EPC data is not available for all properties in Newquay.

DRACAENA PALMS: Plot and Title Map

DRACAENA PALMS sits on a plot of roughly 0.222 of an acre, or 897m². The below map shows the location of DRACAENA PALMS, 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 DRACAENA PALMS). 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 DRACAENA PALMS?

DRACAENA PALMS is located on ALEXANDRA ROAD in NEWQUAY, in the TR7 postcode district. The below map shows the position of DRACAENA PALMS on ALEXANDRA ROAD.