PENZER COTTAGE, GWAVAS ROAD, NEWLYN, PENZANCE, TR18 5LY - £250,000

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

PENZER COTTAGE is a midsized extended detached house of 99m², built sometime between 2003 and 2006. It was last sold for £250,000 in December 2012, which was around 6% below the average December 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

PENZER COTTAGE Sold Prices

Land registry data shows four sales for PENZER COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four PENZER COTTAGE 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
2012 7 DEC	£250,000	£267,018	6% below HPI
2005 1 NOV	£260,000	£261,758	1% below HPI
2002 10 JUL	£46,000	£165,264	72% below HPI
1996 18 NOV	£21,000	£75,607	72% below HPI

PENZER COTTAGE 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 four PENZER COTTAGE sales between November 1996 and December 2012 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 2005 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2012 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is PENZER COTTAGE?

PENZER COTTAGE is 99m², which includes two extensions, according to the EPC inspection conducted in July 2012. This puts it in the smallest 50% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where PENZER COTTAGE lies on this distribution: 41% of detached houses are smaller than PENZER COTTAGE, and 58% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

PENZER COTTAGE: Plot and Title Map

PENZER COTTAGE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of PENZER COTTAGE, 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 PENZER COTTAGE). 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 PENZER COTTAGE?

PENZER COTTAGE is located on GWAVAS ROAD in NEWLYN, in the TR18 postcode district. The below map shows the position of PENZER COTTAGE on GWAVAS ROAD.