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

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

PETROS is a large extended detached house of 127m², built sometime between 1967 and 1975. It was last sold for £385,000 in June 2013, which was around 41% 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	£272,671	41% above HPI
1996 8 NOV	£83,500	£75,607	10% 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 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2013 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

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 in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where PETROS lies on this distribution: 69% of detached 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.