GWEL TEG, PORTH BEAN ROAD, NEWQUAY, TR7 3LT - £805,000

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

GWEL TEG is a very large detached house of 195m². It was last sold for £805,000 in January 2022, which was around 93% above the average January 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was B, and the potential energy rating was B.

GWEL TEG Sold Prices

Land registry data shows two sales for GWEL TEG 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. One of the two GWEL TEG sales was for above the average price, whilst the other was 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
2022 19 JAN	£805,000	£417,690	93% above HPI
2017 20 FEB	£100,000	£308,028	68% below HPI

GWEL TEG 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 GWEL TEG sales from February 2017 and January 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 2017 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the January 2022 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is GWEL TEG?

GWEL TEG is 195m² according to the EPC inspection conducted in March 2019. This puts it in the largest 10% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where GWEL TEG lies on this distribution: 92% of detached houses are smaller than GWEL TEG, and 8% of houses are larger. Note that EPC data is not available for all properties in Newquay.

GWEL TEG: Plot and Title Map

GWEL TEG sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of GWEL TEG, 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 GWEL TEG). 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 GWEL TEG?

GWEL TEG is located on PORTH BEAN ROAD in NEWQUAY, in the TR7 postcode district. The below map shows the position of GWEL TEG on PORTH BEAN ROAD.