PETROS, GWAVAS ROAD, NEWLYN, PENZANCE, TR18 5LX - £385,000

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.

PETROS is a large extended detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £607,776. It was last sold for £385,000 in June 2013, which was around 39% above the average June 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

PETROS Sold Prices

Land registry data shows two sales for PETROS 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 PETROS sales were for above 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
2013 27 JUN	£385,000	£276,967	39% above HPI
1996 8 NOV	£83,500	£76,798	9% above HPI

PETROS 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 PETROS sales from November 1996 and June 2013 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 1996 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2013 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might PETROS be worth now?

PETROS might now be worth an estimated £607,776.

This is based on house price inflation of 57.9%, between June 2013 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 57.9% inflationary increase is applied to the most recent sale price for PETROS of £385,000 on 27th June 2013. For the value to have increased from £385,000 to £607,776 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of PETROS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2013 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of PETROS has not materially changed since June 2013.

How Large is PETROS?

PETROS is 127m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 40% 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 PETROS lies on this distribution: 68% of detached houses houses are smaller than PETROS, and 31% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

PETROS: Plot and Title Map

PETROS sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of PETROS, 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 PETROS). 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 PETROS?

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