16, WESLEY STREET, HEAMOOR, PENZANCE, TR18 3EW - £180,000

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.

16 WESLEY STREET is a very small extended terraced house of 55m², built sometime before 1900, which could now be worth an estimated £191,043. It was last sold for £180,000 in November 2021, which was around 18% below the average November 2021 terraced price in the Cornwall local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

16 WESLEY STREET Sold Prices

Land registry data shows three sales for 16 WESLEY STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Two of the three 16 WESLEY STREET sales were for below the average price, whilst one was for above 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
2021 12 NOV	£180,000	£219,272	18% below HPI
2017 23 MAY	£126,000	£167,406	25% below HPI
2000 24 JAN	£52,500	£51,698	2% above HPI

16 WESLEY STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three 16 WESLEY STREET sales between January 2000 and November 2021 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 16 WESLEY STREET be worth now?

16 WESLEY STREET might now be worth an estimated £191,043.

This is based on house price inflation of 6.1%, between November 2021 and July 2025, for terraced 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 6.1% inflationary increase is applied to the most recent sale price for 16 WESLEY STREET of £180,000 on 12th November 2021. For the value to have increased from £180,000 to £191,043 over the four years and four months to July 2025, the following assumptions must hold true:

• The value of 16 WESLEY STREET has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The November 2021 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WESLEY STREET has not materially changed since November 2021.

How Large is 16 WESLEY STREET?

16 WESLEY STREET is 55m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of terraced houses houses in Penzance, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Penzance, and where 16 WESLEY STREET lies on this distribution: 1% of terraced houses houses are smaller than 16 WESLEY STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Penzance.

16 WESLEY STREET: Plot and Title Map

16 WESLEY STREET sits on a plot of roughly 0.013 of an acre, or 52m². The below map shows the location of 16 WESLEY STREET, 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 16 WESLEY STREET). 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 16 WESLEY STREET?

16 WESLEY STREET is located in HEAMOOR, in the TR18 postcode district. The below map shows the position of No. 16 on WESLEY STREET.