THE LODGE, TRENANCE LANE, NEWQUAY, TR7 2HX - £245,000

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 LODGE is a very small extended detached house of 63m², built sometime between 1950 and 1966, which could now be worth an estimated £347,961. It was last sold for £245,000 in September 2015, which was around 20% below the average September 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was B.

THE LODGE Sold Prices

Land registry data shows three sales for THE LODGE 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 THE LODGE 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 11 SEP	£245,000	£307,855	20% below HPI
2010 10 AUG	£160,000	£284,028	44% below HPI
2005 14 NOV	£155,000	£265,882	42% below HPI

THE LODGE 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 THE LODGE sales between November 2005 and September 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 August 2010 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might THE LODGE be worth now?

THE LODGE might now be worth an estimated £347,961.

This is based on house price inflation of 42%, between September 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 42% inflationary increase is applied to the most recent sale price for THE LODGE of £245,000 on 11th September 2015. For the value to have increased from £245,000 to £347,961 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of THE LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2015 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of THE LODGE has not materially changed since September 2015.

How Large is THE LODGE?

THE LODGE is 63m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the smallest 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 THE LODGE lies on this distribution: 2% of detached houses houses are smaller than THE LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Newquay.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on TRENANCE LANE in NEWQUAY, in the TR7 postcode district. The below map shows the position of THE LODGE on TRENANCE LANE.