4, THE CHALETS, JELBERT WAY, EASTERN GREEN, PENZANCE, TR18 3DW - £16,000

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.

4 THE CHALETS is a very small terraced house of 31m², built sometime between 1983 and 1990, which could now be worth an estimated £80,998. It was last sold for £16,000 in October 1998, which was around 65% below the average October 1998 terraced price in the Cornwall local authority area. The most recent EPC inspection was October 2018, where the current energy rating was F, and the potential energy rating was A.

4 THE CHALETS Sold Prices

Land registry data shows two sales for 4 THE CHALETS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Both of the two 4 THE CHALETS 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
1998 16 OCT	£16,000	£45,552	65% below HPI
1995 16 MAY	£8,000	£37,309	79% below HPI

4 THE CHALETS 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 two 4 THE CHALETS sales from May 1995 and October 1998 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 1995 sale was for 79% below the HPI. So the extrapolation line tracks at 79% below the HPI over time, until the October 1998 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

What might 4 THE CHALETS be worth now?

4 THE CHALETS might now be worth an estimated £80,998.

This is based on house price inflation of 406.2%, between October 1998 and May 2026, 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 406.2% inflationary increase is applied to the most recent sale price for 4 THE CHALETS of £16,000 on 16th October 1998. For the value to have increased from £16,000 to £80,998 over the 28 years and five months to May 2026, the following assumptions must hold true:

• The value of 4 THE CHALETS has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The October 1998 sale price of £16,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE CHALETS has not materially changed since October 1998.

How Large is 4 THE CHALETS?

4 THE CHALETS is 31m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of terraced houses houses in Trevarrack, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Trevarrack, and where 4 THE CHALETS lies on this distribution: 2% of terraced houses houses are smaller than 4 THE CHALETS, and 98% of houses are larger. Note that EPC data is not available for all properties in Trevarrack.

4 THE CHALETS: Plot and Title Map

4 THE CHALETS sits on a plot of roughly 0.009 of an acre, or 35m². The below map shows the location of 4 THE CHALETS, 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 4 THE CHALETS). 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 4 THE CHALETS?

4 THE CHALETS is located on JELBERT WAY in EASTERN GREEN, in the TR18 postcode district. The below map shows the position of 4 THE CHALETS on JELBERT WAY.