PSAMATHE, 14A, LUSTY GLAZE ROAD, NEWQUAY, TR7 3AE - £600,000

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.

PSAMATHE is a very large detached house of 218m², which could now be worth an estimated £798,406. It was last sold for £600,000 in December 2017, which was around 83% above the average December 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2017, where the current energy rating was B, and the potential energy rating was B.

PSAMATHE Sold Prices

Land registry data shows two sales for PSAMATHE 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. One of the two PSAMATHE sales was for above the average price, whilst the other was 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
2017 15 DEC	£600,000	£328,578	83% above HPI
2016 15 APR	£208,140	£310,888	33% below HPI

PSAMATHE 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 PSAMATHE sales from April 2016 and December 2017 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 April 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2017 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might PSAMATHE be worth now?

PSAMATHE might now be worth an estimated £798,406.

This is based on house price inflation of 33.1%, between December 2017 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 33.1% inflationary increase is applied to the most recent sale price for PSAMATHE of £600,000 on 15th December 2017. For the value to have increased from £600,000 to £798,406 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of PSAMATHE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2017 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of PSAMATHE has not materially changed since December 2017.

How Large is PSAMATHE?

PSAMATHE is 218m² according to the EPC inspection conducted in March 2017. This puts it in the largest 10% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where PSAMATHE lies on this distribution: 95% of detached houses houses are smaller than PSAMATHE, and 5% of houses are larger. Note that EPC data is not available for all properties in Newquay.

PSAMATHE: Plot and Title Map

PSAMATHE sits on a plot of roughly 0.234 of an acre, or 948m². The below map shows the location of PSAMATHE, 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 PSAMATHE). 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 PSAMATHE?

PSAMATHE is located on LUSTY GLAZE ROAD in NEWQUAY, in the TR7 postcode district. The below map shows the position of PSAMATHE on LUSTY GLAZE ROAD.