THE ORCHARD, CHYNOWEN LANE, CUBERT, NEWQUAY, TR8 5HE - £388,000

THE ORCHARD is a very large extended detached house of 163m², built sometime between 1983 and 1990. It was last sold for £388,000 in February 2019, which was around 16% above the average February 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 THE ORCHARD 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 15 FEB	£388,000	£334,777	16% above HPI
2005 2 AUG	£245,000	£259,599	6% below HPI

THE ORCHARD 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 THE ORCHARD sales from August 2005 and February 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 August 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2019 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is THE ORCHARD?

THE ORCHARD is 163m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Cubert, based on EPC data. The below chart shows the distribution of detached houses by size in Cubert, and where THE ORCHARD lies on this distribution: 90% of detached houses are smaller than THE ORCHARD, and 10% of houses are larger. Note that EPC data is not available for all properties in Cubert.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

THE ORCHARD is located on CHYNOWEN LANE in CUBERT, in the TR8 postcode district. The below map shows the position of THE ORCHARD on CHYNOWEN LANE.