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

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.

JAMBA is a very small extended detached house of 84m², built sometime between 1930 and 1949, which could now be worth an estimated £163,758. It was last sold for £160,000 in February 2022, which was around 63% 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	£427,196	63% below HPI
2009 20 OCT	£165,000	£264,860	38% below HPI
2006 15 DEC	£167,500	£284,469	41% below HPI
2003 12 AUG	£130,000	£218,237	40% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2022 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

What might JAMBA be worth now?

JAMBA might now be worth an estimated £163,758.

This is based on house price inflation of 2.3%, between February 2022 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 2.3% inflationary increase is applied to the most recent sale price for JAMBA of £160,000 on 16th February 2022. For the value to have increased from £160,000 to £163,758 over the three years to February 2025, the following assumptions must hold true:

• The value of JAMBA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2022 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of JAMBA has not materially changed since February 2022.

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 houses in Germoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Germoe, and where JAMBA lies on this distribution: 15% of detached houses 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.