MORVAH HOUSE, CHYWOONE HILL, NEWLYN, PENZANCE, TR18 5AP - £863,000

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

MORVAH HOUSE is a very large extended detached house of 222m², built sometime before 1900. It was last sold for £863,000 in September 2023, which was around 94% above the average September 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

MORVAH HOUSE Sold Prices

Land registry data shows five sales for MORVAH HOUSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five MORVAH HOUSE sales were for above 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
2023 30 SEP	£863,000	£444,914	94% above HPI
2010 31 AUG	£460,000	£279,622	65% above HPI
2009 15 JUN	£410,000	£251,060	63% above HPI
2003 2 MAY	£299,950	£205,598	46% above HPI
1996 27 AUG	£85,000	£72,969	16% above HPI

MORVAH HOUSE 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 five MORVAH HOUSE sales between August 1996 and September 2023 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 August 2010 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the September 2023 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is MORVAH HOUSE?

MORVAH HOUSE is 222m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 10% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where MORVAH HOUSE lies on this distribution: 97% of detached houses are smaller than MORVAH HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

MORVAH HOUSE: Plot and Title Map

MORVAH HOUSE sits on a plot of roughly 0.308 of an acre, or 1,248m². The below map shows the location of MORVAH HOUSE, 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 MORVAH HOUSE). 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 MORVAH HOUSE?

MORVAH HOUSE is located on CHYWOONE HILL in NEWLYN, in the TR18 postcode district. The below map shows the position of MORVAH HOUSE on CHYWOONE HILL.