JAMBA, HELSTON ROAD, GERMOE, PENZANCE, TR20 9AA - £160,000

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

JAMBA is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £160,000 in February 2022, which was around 62% below the average February 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

JAMBA Sold Prices

Land registry data shows four sales for JAMBA 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. All of the four JAMBA sales were 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 16 FEB	£160,000	£420,570	62% below HPI
2009 20 OCT	£165,000	£260,752	37% below HPI
2006 15 DEC	£167,500	£280,057	40% below HPI
2003 12 AUG	£130,000	£214,852	39% below HPI

JAMBA 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 JAMBA sales between August 2003 and February 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 October 2009 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2022 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

How Large is JAMBA?

JAMBA is 84m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 20% of detached houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses by size in Germoe, and where JAMBA lies on this distribution: 17% of detached houses are smaller than JAMBA, and 83% of houses are larger. Note that EPC data is not available for all properties in Germoe.

JAMBA: Plot and Title Map

JAMBA sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of JAMBA, 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 JAMBA). 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 JAMBA?

JAMBA is located on HELSTON ROAD in GERMOE, in the TR20 postcode district. The below map shows the position of JAMBA on HELSTON ROAD.