SHEARWATER, TREWELLOE ROAD, PRAA SANDS, PENZANCE, TR20 9SU - £700,000

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.

SHEARWATER is a midsized detached house of 125m², built sometime between 1967 and 1975, which could now be worth an estimated £687,450. It was last sold for £700,000 in July 2023, which was around 57% above the average July 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was C.

SHEARWATER Sold Prices

Land registry data shows two sales for SHEARWATER 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 SHEARWATER 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
2023 24 JUL	£700,000	£445,213	57% above HPI
1998 14 SEP	£112,000	£92,285	21% above HPI

SHEARWATER 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 SHEARWATER sales from September 1998 and July 2023 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 September 1998 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2023 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might SHEARWATER be worth now?

SHEARWATER might now be worth an estimated £687,450.

This is based on house price deflation of 1.8%, between July 2023 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 1.8% deflationary decrease is applied to the most recent sale price for SHEARWATER of £700,000 on 24th July 2023. For the value to have decreased from £700,000 to £687,450 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of SHEARWATER has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2023 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of SHEARWATER has not materially changed since July 2023.

How Large is SHEARWATER?

SHEARWATER is 125m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses houses in Praa Sands, based on EPC data. The below chart shows the distribution of detached houses houses by size in Praa Sands, and where SHEARWATER lies on this distribution: 40% of detached houses houses are smaller than SHEARWATER, and 60% of houses are larger. Note that EPC data is not available for all properties in Praa Sands.

SHEARWATER: Plot and Title Map

SHEARWATER sits on a plot of roughly 351.6 acres, or 1,422,725m². The below map shows the location of SHEARWATER, 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 SHEARWATER). 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 SHEARWATER?

SHEARWATER is located on TREWELLOE ROAD in PRAA SANDS, in the TR20 postcode district. The below map shows the position of SHEARWATER on TREWELLOE ROAD.