THE HAVEN, GWAVAS ROAD, NEWLYN, PENZANCE, TR18 5LU - £228,000

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.

THE HAVEN is a small extended detached house of 91m², built sometime between 1930 and 1949, which could now be worth an estimated £330,651. It was last sold for £228,000 in June 2015, which was around 24% below the average June 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was F, and the potential energy rating was B.

THE HAVEN Sold Prices

Land registry data shows two sales for THE HAVEN 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 THE HAVEN 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
2015 3 JUN	£228,000	£301,492	24% below HPI
2014 31 MAR	£210,000	£285,322	26% below HPI

THE HAVEN 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 THE HAVEN sales from March 2014 and June 2015 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 March 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2015 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might THE HAVEN be worth now?

THE HAVEN might now be worth an estimated £330,651.

This is based on house price inflation of 45%, between June 2015 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 45% inflationary increase is applied to the most recent sale price for THE HAVEN of £228,000 on 3rd June 2015. For the value to have increased from £228,000 to £330,651 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of THE HAVEN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2015 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of THE HAVEN has not materially changed since June 2015.

How Large is THE HAVEN?

THE HAVEN is 91m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 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 THE HAVEN lies on this distribution: 31% of detached houses houses are smaller than THE HAVEN, and 68% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

THE HAVEN: Plot and Title Map

THE HAVEN sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of THE HAVEN, 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 THE HAVEN). 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 THE HAVEN?

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