STEVELA, KING STREET, GUNNISLAKE, PL18 9JU - £312,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

STEVELA is a midsized extended detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £305,256. It was last sold for £312,000 in May 2023, which was around 30% below the average May 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

STEVELA Sold Prices

Land registry data shows three sales for STEVELA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three STEVELA 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
2023 12 MAY	£312,000	£446,891	30% below HPI
2007 5 SEP	£236,500	£304,779	22% below HPI
2001 9 MAY	£93,000	£128,823	28% below HPI

STEVELA 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 three STEVELA sales between May 2001 and May 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 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might STEVELA be worth now?

STEVELA might now be worth an estimated £305,256.

This is based on house price deflation of 2.2%, between May 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 2.2% deflationary decrease is applied to the most recent sale price for STEVELA of £312,000 on 12th May 2023. For the value to have decreased from £312,000 to £305,256 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of STEVELA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2023 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of STEVELA has not materially changed since May 2023.

How Large is STEVELA?

STEVELA is 113m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 50% of detached houses houses in Gunnislake, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunnislake, and where STEVELA lies on this distribution: 53% of detached houses houses are smaller than STEVELA, and 46% of houses are larger. Note that EPC data is not available for all properties in Gunnislake.

STEVELA: Plot and Title Map

STEVELA sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of STEVELA, 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 STEVELA). 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 STEVELA?

STEVELA is located on KING STREET in GUNNISLAKE, in the PL18 postcode district. The below map shows the position of STEVELA on KING STREET.