PENARE, TREDAVOE LANE, NEWLYN, PENZANCE, TR18 5DN - £275,000

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.

PENARE is a large extended detached house of 139m², built sometime between 1930 and 1949, which could now be worth an estimated £422,304. It was last sold for £275,000 in October 2008, which was around 3% below the average October 2008 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

PENARE Sold Prices

Land registry data shows two sales for PENARE 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 PENARE 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
2008 16 OCT	£275,000	£284,720	3% below HPI
1998 21 JAN	£72,000	£87,811	18% below HPI

PENARE 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 PENARE sales from January 1998 and October 2008 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 January 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2008 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might PENARE be worth now?

PENARE might now be worth an estimated £422,304.

This is based on house price inflation of 53.6%, between October 2008 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 53.6% inflationary increase is applied to the most recent sale price for PENARE of £275,000 on 16th October 2008. For the value to have increased from £275,000 to £422,304 over the seventeen years and eight months to February 2025, the following assumptions must hold true:

• The value of PENARE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2008 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of PENARE has not materially changed since October 2008.

How Large is PENARE?

PENARE is 139m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 30% 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 PENARE lies on this distribution: 76% of detached houses houses are smaller than PENARE, and 24% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

PENARE: Plot and Title Map

PENARE sits on a plot of roughly 0.174 of an acre, or 706m². The below map shows the location of PENARE, 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 PENARE). 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 PENARE?

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