GWEL TEG, PORTH BEAN ROAD, NEWQUAY, TR7 3LT - £775,000

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

GWEL TEG is a very large detached house of 195m², which could now be worth an estimated £772,991. It was last sold for £775,000 in November 2024, which was around 74% above the average November 2024 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 three sales for GWEL TEG since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Two of the three GWEL TEG sales were for above the average price, whilst one 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
2024 25 NOV	£775,000	£445,157	74% above HPI
2022 19 JAN	£805,000	£424,271	90% above HPI
2017 20 FEB	£100,000	£312,880	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 three GWEL TEG sales between February 2017 and November 2024 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 January 2022 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the November 2024 sale, where it falls to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might GWEL TEG be worth now?

GWEL TEG might now be worth an estimated £772,991.

This is based on house price deflation of 0.3%, between November 2024 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 0.3% deflationary decrease is applied to the most recent sale price for GWEL TEG of £775,000 on 25th November 2024. For the value to have decreased from £775,000 to £772,991 over the eleven months to December 2024, the following assumptions must hold true:

• The value of GWEL TEG has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2024 sale price of £775,000 represented a fair market value for the property.
• The size, condition, and specification of GWEL TEG has not materially changed since November 2024.

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 houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where GWEL TEG lies on this distribution: 92% of detached houses 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.