THE HIVE, KING STREET, GUNNISLAKE, PL18 9JU - £135,250

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

THE HIVE is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £135,250 in October 2010, which was around 53% below the average October 2010 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was E.

THE HIVE Sold Prices

Land registry data shows two sales for THE HIVE 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 HIVE 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
2010 5 OCT	£135,250	£285,587	53% below HPI
1995 12 MAY	£51,000	£70,746	28% below HPI

THE HIVE 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 HIVE sales from May 1995 and October 2010 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 May 1995 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2010 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is THE HIVE?

THE HIVE is 72m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses in Gunnislake, based on EPC data. The below chart shows the distribution of detached houses by size in Gunnislake, and where THE HIVE lies on this distribution: 14% of detached houses are smaller than THE HIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Gunnislake.

THE HIVE: Plot and Title Map

THE HIVE sits on a plot of roughly 0.179 of an acre, or 726m². The below map shows the location of THE HIVE, 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 HIVE). 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 HIVE?

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