PENVISTA, TURNPIKE HILL, MARAZION, TR17 0AY - £350,000

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

PENVISTA is a very small extended detached house of 59m², built sometime between 1900 and 1929. It was last sold for £350,000 in July 2022, which was around 20% below the average July 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was B.

PENVISTA Sold Prices

Land registry data shows five sales for PENVISTA 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 PENVISTA 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 11 JUL	£350,000	£436,442	20% below HPI
2018 22 NOV	£225,000	£339,199	34% below HPI
2016 11 NOV	£197,000	£307,645	36% below HPI
2003 30 OCT	£172,500	£220,779	22% below HPI
2001 22 MAR	£72,500	£121,560	40% below HPI

PENVISTA 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 PENVISTA sales between March 2001 and July 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 November 2018 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is PENVISTA?

PENVISTA is 59m², which includes three extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 10% of detached houses in Market Jew, based on EPC data. The below chart shows the distribution of detached houses by size in Market Jew, and where PENVISTA lies on this distribution: 6% of detached houses are smaller than PENVISTA, and 94% of houses are larger. Note that EPC data is not available for all properties in Market Jew.

PENVISTA: Plot and Title Map

PENVISTA sits on a plot of roughly 0.015 of an acre, or 62m². The below map shows the location of PENVISTA, 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 PENVISTA). 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 PENVISTA?

PENVISTA is located on TURNPIKE HILL in MARAZION, in the TR17 postcode district. The below map shows the position of PENVISTA on TURNPIKE HILL.