OLD READING ROOM, FERNHILL ROAD, NEWQUAY, TR7 1LE - £234,000

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.

OLD READING ROOM is a large extended detached house of 126m², built sometime between 1900 and 1929, which could now be worth an estimated £294,940. It was last sold for £234,000 in December 2019, which was around 33% below the average December 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was C.

OLD READING ROOM Sold Prices

Land registry data shows two sales for OLD READING ROOM 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 OLD READING ROOM 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
2019 4 DEC	£234,000	£346,891	33% below HPI
1996 9 AUG	£53,000	£74,118	28% below HPI

OLD READING ROOM 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 OLD READING ROOM sales from August 1996 and December 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 August 1996 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might OLD READING ROOM be worth now?

OLD READING ROOM might now be worth an estimated £294,940.

This is based on house price inflation of 26%, between December 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 26% inflationary increase is applied to the most recent sale price for OLD READING ROOM of £234,000 on 4th December 2019. For the value to have increased from £234,000 to £294,940 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of OLD READING ROOM has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2019 sale price of £234,000 represented a fair market value for the property.
• The size, condition, and specification of OLD READING ROOM has not materially changed since December 2019.

How Large is OLD READING ROOM?

OLD READING ROOM is 126m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 40% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where OLD READING ROOM lies on this distribution: 65% of detached houses houses are smaller than OLD READING ROOM, and 34% of houses are larger. Note that EPC data is not available for all properties in Newquay.

OLD READING ROOM: Plot and Title Map

OLD READING ROOM sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of OLD READING ROOM, 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 OLD READING ROOM). 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 OLD READING ROOM?

OLD READING ROOM is located on FERNHILL ROAD in NEWQUAY, in the TR7 postcode district. The below map shows the position of OLD READING ROOM on FERNHILL ROAD.