9, SCHOOL CLOSE, NEWQUAY, TR7 3EN - £198,000

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.

9 SCHOOL CLOSE is a very small terraced house of 70m², built sometime between 1983 and 1990, which could now be worth an estimated £258,210. It was last sold for £198,000 in May 2018, which was around 12% above the average May 2018 terraced price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

9 SCHOOL CLOSE Sold Prices

Land registry data shows four sales for 9 SCHOOL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the four 9 SCHOOL CLOSE sales were 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
2018 11 MAY	£198,000	£176,828	12% above HPI
2015 7 JUL	£189,000	£163,359	16% above HPI
1999 2 DEC	£63,000	£51,663	22% above HPI
1998 22 FEB	£56,950	£43,246	32% above HPI

9 SCHOOL CLOSE 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 four 9 SCHOOL CLOSE sales between February 1998 and May 2018 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 July 2015 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2018 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 9 SCHOOL CLOSE be worth now?

9 SCHOOL CLOSE might now be worth an estimated £258,210.

This is based on house price inflation of 30.4%, between May 2018 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 30.4% inflationary increase is applied to the most recent sale price for 9 SCHOOL CLOSE of £198,000 on 11th May 2018. For the value to have increased from £198,000 to £258,210 over the eight years to May 2026, the following assumptions must hold true:

• The value of 9 SCHOOL CLOSE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2018 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SCHOOL CLOSE has not materially changed since May 2018.

How Large is 9 SCHOOL CLOSE?

9 SCHOOL CLOSE is 70m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of terraced houses houses in Newquay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newquay, and where 9 SCHOOL CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 9 SCHOOL CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Newquay.

9 SCHOOL CLOSE: Plot and Title Map

9 SCHOOL CLOSE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 9 SCHOOL CLOSE, 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 9 SCHOOL CLOSE). 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 9 SCHOOL CLOSE?

9 SCHOOL CLOSE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 9 on SCHOOL CLOSE.