OCEAN VIEW, HOLYWELL BAY, NEWQUAY, TR8 5PQ - £450,000

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

OCEAN VIEW is a large extended detached house of 134m², built sometime between 1900 and 1929, which could now be worth an estimated £578,600. It was last sold for £450,000 in February 2019, which was around 32% above the average February 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2018, where the current energy rating was F, and the potential energy rating was D.

OCEAN VIEW Sold Prices

Land registry data shows two sales for OCEAN VIEW 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 OCEAN VIEW sales was for above 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
2019 28 FEB	£450,000	£340,052	32% above HPI
2002 31 OCT	£150,000	£183,410	18% below HPI

OCEAN VIEW 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 OCEAN VIEW sales from October 2002 and February 2019 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2019 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might OCEAN VIEW be worth now?

OCEAN VIEW might now be worth an estimated £578,600.

This is based on house price inflation of 28.6%, between February 2019 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 28.6% inflationary increase is applied to the most recent sale price for OCEAN VIEW of £450,000 on 28th February 2019. For the value to have increased from £450,000 to £578,600 over the six years to February 2025, the following assumptions must hold true:

• The value of OCEAN VIEW has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2019 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of OCEAN VIEW has not materially changed since February 2019.

How Large is OCEAN VIEW?

OCEAN VIEW is 134m², which includes three extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 40% of detached houses houses in Holywell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holywell, and where OCEAN VIEW lies on this distribution: 66% of detached houses houses are smaller than OCEAN VIEW, and 34% of houses are larger. Note that EPC data is not available for all properties in Holywell.

OCEAN VIEW: Plot and Title Map

OCEAN VIEW sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of OCEAN VIEW, 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 OCEAN VIEW). 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 OCEAN VIEW?

OCEAN VIEW is located in HOLYWELL BAY, in the TR8 postcode district. The below map shows the position of OCEAN VIEW in HOLYWELL BAY.