LA PIETRA, FAUGAN LANE, NEWLYN, PENZANCE, TR18 5DJ - £480,000

LA PIETRA is a very large extended detached house of 182m², built sometime before 1900. It was last sold for £480,000 in September 2019, which was around 40% above the average September 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2015, where the current energy rating was E, and the potential energy rating was B.

LA PIETRA Sold Prices

Land registry data shows two sales for LA PIETRA 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. One of the two LA PIETRA sales was for above the average price, whilst the other was 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 6 SEP	£480,000	£343,649	40% above HPI
2013 28 JUN	£248,000	£272,671	9% below HPI

LA PIETRA 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 LA PIETRA sales from June 2013 and September 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 June 2013 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2019 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is LA PIETRA?

LA PIETRA is 182m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the largest 10% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where LA PIETRA lies on this distribution: 92% of detached houses are smaller than LA PIETRA, and 8% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

LA PIETRA: Plot and Title Map

LA PIETRA sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of LA PIETRA, 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 LA PIETRA). 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 LA PIETRA?

LA PIETRA is located on FAUGAN LANE in NEWLYN, in the TR18 postcode district. The below map shows the position of LA PIETRA on FAUGAN LANE.