THE NOOK, CHYANDOUR SQUARE, PENZANCE, TR18 3LW - £215,000

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 NOOK is a midsized extended detached house of 115m², built sometime before 1900, which could now be worth an estimated £305,354. It was last sold for £215,000 in September 2015, which was around 30% below the average September 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

THE NOOK Sold Prices

Land registry data shows two sales for THE NOOK 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 NOOK 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 14 SEP	£215,000	£307,855	30% below HPI
2002 21 AUG	£149,950	£173,722	14% below HPI

THE NOOK 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 NOOK sales from August 2002 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 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2015 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might THE NOOK be worth now?

THE NOOK might now be worth an estimated £305,354.

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 NOOK of £215,000 on 14th September 2015. For the value to have increased from £215,000 to £305,354 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of THE NOOK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2015 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of THE NOOK has not materially changed since September 2015.

How Large is THE NOOK?

THE NOOK is 115m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the largest 50% of detached houses houses in Penzance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penzance, and where THE NOOK lies on this distribution: 59% of detached houses houses are smaller than THE NOOK, and 41% of houses are larger. Note that EPC data is not available for all properties in Penzance.

THE NOOK: Plot and Title Map

THE NOOK sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of THE NOOK, 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 NOOK). 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 NOOK?

THE NOOK is located on CHYANDOUR SQUARE in PENZANCE, in the TR18 postcode district. The below map shows the position of THE NOOK on CHYANDOUR SQUARE.