WEST PARK, GULVAL, PENZANCE, TR18 3BB - £225,000

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

WEST PARK is a small extended semi-detached house of 94m², built sometime before 1900. It was last sold for £225,000 in March 2019, which was around 33% below the average March 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was C.

WEST PARK Sold Prices

Land registry data shows three sales for WEST PARK 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 WEST PARK 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
2019 25 MAR	£225,000	£335,212	33% below HPI
2009 7 MAY	£173,500	£251,618	31% below HPI
2001 18 DEC	£132,000	£142,349	7% below HPI

WEST PARK 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 WEST PARK sales between December 2001 and March 2019 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 2009 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is WEST PARK?

WEST PARK is 94m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% of detached houses in Trevarrack, based on EPC data. The below chart shows the distribution of detached houses by size in Trevarrack, and where WEST PARK lies on this distribution: 32% of detached houses are smaller than WEST PARK, and 66% of houses are larger. Note that EPC data is not available for all properties in Trevarrack.

WEST PARK: Plot and Title Map

WEST PARK sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of WEST PARK, 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 WEST PARK). 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 WEST PARK?

WEST PARK is located in GULVAL, in the TR18 postcode district. The below map shows the position of WEST PARK in GULVAL.