TROIKA, FRADGAN PLACE, NEWLYN, PENZANCE, TR18 5BD - £500,000

TROIKA is a very large extended detached house of 149m², built sometime before 1900. It was last sold for £500,000 in February 2022, which was around 19% above the average February 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was E.

TROIKA Sold Prices

Land registry data shows two sales for TROIKA 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 TROIKA 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
2022 18 FEB	£500,000	£421,351	19% above HPI
2003 12 JUN	£225,000	£210,608	7% above HPI

TROIKA 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 TROIKA sales from June 2003 and February 2022 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 2003 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is TROIKA?

TROIKA is 149m², which includes three extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 20% of detached houses in Newlyn, based on EPC data. The below chart shows the distribution of detached houses by size in Newlyn, and where TROIKA lies on this distribution: 82% of detached houses are smaller than TROIKA, and 18% of houses are larger. Note that EPC data is not available for all properties in Newlyn.

TROIKA: Plot and Title Map

TROIKA sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of TROIKA, 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 TROIKA). 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 TROIKA?

TROIKA is located on FRADGAN PLACE in NEWLYN, in the TR18 postcode district. The below map shows the position of TROIKA on FRADGAN PLACE.