OWLS, TRENANCE, NEWQUAY, TR8 4BX - £1,700,000

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.

OWLS is a very large detached house of 259m², built in 2021, which could now be worth an estimated £1,580,821. It was last sold for £1,700,000 in October 2023, which was around 276% above the average October 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2022, where the current energy rating was B, and the potential energy rating was B.

OWLS Sold Prices

Land registry data shows two sales for OWLS 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. Both of the two OWLS 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
2023 25 OCT	£1,700,000	£451,551	276% above HPI
2020 30 OCT	£570,000	£370,347	54% above HPI

OWLS 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 OWLS sales from October 2020 and October 2023 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 October 2020 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the October 2023 sale, where it rises to 276% above the HPI. The line then continues to track at 276% above the HPI.

What might OWLS be worth now?

OWLS might now be worth an estimated £1,580,821.

This is based on house price deflation of 7%, between October 2023 and March 2026, for detached 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 7% deflationary decrease is applied to the most recent sale price for OWLS of £1,700,000 on 25th October 2023. For the value to have decreased from £1,700,000 to £1,580,821 over the three years and seven months to March 2026, the following assumptions must hold true:

• The value of OWLS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2023 sale price of £1,700,000 represented a fair market value for the property.
• The size, condition, and specification of OWLS has not materially changed since October 2023.

How Large is OWLS?

OWLS is 259m² according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses houses in Trenance, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trenance, and where OWLS lies on this distribution: 84% of detached houses houses are smaller than OWLS, and 16% of houses are larger. Note that EPC data is not available for all properties in Trenance.

OWLS: Plot and Title Map

OWLS sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of OWLS, 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 OWLS). 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 OWLS?

OWLS is located in TRENANCE, in the TR8 postcode district. The below map shows the position of OWLS in TRENANCE.