LOWER FAUGAN, FAUGAN LANE, NEWLYN, PENZANCE, TR18 5DJ - £390,000

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.

LOWER FAUGAN is a very large extended detached house of 160m², built sometime before 1900, which could now be worth an estimated £438,823. It was last sold for £390,000 in August 2021, which was about the average August 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

LOWER FAUGAN Sold Prices

Land registry data shows two sales for LOWER FAUGAN 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 LOWER FAUGAN sales was roughly equal to 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
2021 24 AUG	£390,000	£388,585	Close to HPI
1998 18 DEC	£60,000	£92,158	35% below HPI

LOWER FAUGAN 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 LOWER FAUGAN sales from December 1998 and August 2021 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 December 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might LOWER FAUGAN be worth now?

LOWER FAUGAN might now be worth an estimated £438,823.

This is based on house price inflation of 12.5%, between August 2021 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 12.5% inflationary increase is applied to the most recent sale price for LOWER FAUGAN of £390,000 on 24th August 2021. For the value to have increased from £390,000 to £438,823 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of LOWER FAUGAN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of LOWER FAUGAN has not materially changed since August 2021.

How Large is LOWER FAUGAN?

LOWER FAUGAN is 160m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the largest 20% of detached houses houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newlyn, and where LOWER FAUGAN lies on this distribution: 84% of detached houses houses are smaller than LOWER FAUGAN, and 16% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

LOWER FAUGAN: Plot and Title Map

LOWER FAUGAN sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of LOWER FAUGAN, 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 LOWER FAUGAN). 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 LOWER FAUGAN?

LOWER FAUGAN is located on FAUGAN LANE in NEWLYN, in the TR18 postcode district. The below map shows the position of LOWER FAUGAN on FAUGAN LANE.