THE MOWHAY, HOLYWELL BAY, NEWQUAY, TR8 5PP - £325,000

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

THE MOWHAY is a very small detached house of 58m², built sometime between 1967 and 1975, which could now be worth an estimated £401,055. It was last sold for £325,000 in August 2020, which was around 8% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was C.

THE MOWHAY Sold Prices

Land registry data shows three sales for THE MOWHAY 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 MOWHAY 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
2020 25 AUG	£325,000	£354,316	8% below HPI
2014 31 MAR	£205,000	£285,322	28% below HPI
1995 31 MAR	£46,000	£71,173	35% below HPI

THE MOWHAY 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 MOWHAY sales between March 1995 and August 2020 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 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might THE MOWHAY be worth now?

THE MOWHAY might now be worth an estimated £401,055.

This is based on house price inflation of 23.4%, between August 2020 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 23.4% inflationary increase is applied to the most recent sale price for THE MOWHAY of £325,000 on 25th August 2020. For the value to have increased from £325,000 to £401,055 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of THE MOWHAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2020 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of THE MOWHAY has not materially changed since August 2020.

How Large is THE MOWHAY?

THE MOWHAY is 58m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of detached houses houses in Holywell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holywell, and where THE MOWHAY lies on this distribution: 2% of detached houses houses are smaller than THE MOWHAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Holywell.

THE MOWHAY: Plot and Title Map

THE MOWHAY sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of THE MOWHAY, 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 MOWHAY). 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 MOWHAY?

THE MOWHAY is located in HOLYWELL BAY, in the TR8 postcode district. The below map shows the position of THE MOWHAY in HOLYWELL BAY.