OCEAN VIEW, TREWELLARD, PENZANCE, TR19 7SS - £420,000

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.

OCEAN VIEW is a large detached house of 120m², built in 2021, which could now be worth an estimated £416,332. It was last sold for £420,000 in June 2022, which was around 5% below the average June 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was C.

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. Both of the two OCEAN VIEW 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 29 JUN	£420,000	£441,083	5% below HPI
2019 26 SEP	£140,000	£349,063	60% 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 September 2019 and June 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 September 2019 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the June 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might OCEAN VIEW be worth now?

OCEAN VIEW might now be worth an estimated £416,332.

This is based on house price deflation of 0.9%, between June 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 0.9% deflationary decrease is applied to the most recent sale price for OCEAN VIEW of £420,000 on 29th June 2022. For the value to have decreased from £420,000 to £416,332 over the three years and four months 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 June 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of OCEAN VIEW has not materially changed since June 2022.

How Large is OCEAN VIEW?

OCEAN VIEW is 120m² according to the EPC inspection conducted in June 2021. This puts it in the largest 30% of detached houses houses in Pendeen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pendeen, and where OCEAN VIEW lies on this distribution: 70% of detached houses houses are smaller than OCEAN VIEW, and 30% of houses are larger. Note that EPC data is not available for all properties in Pendeen.

OCEAN VIEW: Plot and Title Map

OCEAN VIEW sits on a plot of roughly 0.154 of an acre, or 623m². 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 TREWELLARD, in the TR19 postcode district. The below map shows the position of OCEAN VIEW in TREWELLARD.