£514,799
This estimated value is based upon the latest sale price for the house of £320,000 on 10 May 2007. This value is then adjusted by the current Official House Price Index for CORNWALL 1
There has been one burglary within the last year on or near Well Way
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| Price Paid | Date |
|---|---|
| £320,000 | 10 May 2007 |
| £172,000 | 18 Jun 2002 |
| £55,000 | 11 Apr 1997 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 sq feet |
This model uses changes in the Official Land Registry House Price Index for CORNWALL to estimate the market value.
When this house was purchased in May 2007 the House Price Index for CORNWALL was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £320,000 results in an estimated price of approximately £514,799.
| 10 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £320,000 | £194,799 | £514,799 |
The Postcode Pricing Model uses changes in average sales price within the TR7 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 70.957 % | £227,063 | £547,063 |
| 3 Month Average | 49.250 % | £157,601 | £477,601 |
| 6 Month Average | 51.951 % | £166,243 | £486,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £598,187 | £585,000 | 24 VEOR ROAD |
| 17 Apr 2023 | £412,720 | £405,000 | 96 BONYTHON ROAD |
| 31 Jan 2023 | £182,989 | £182,500 | FLAT 4 PENHALLOW COURT WELL WAY |
| 25 Jan 2023 | £601,607 | £600,000 | 9 WELL WAY |
| 20 Jan 2023 | £195,522 | £195,000 | FLAT 1 PENHALLOW COURT WELL WAY |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 20 Jun 2014. Using an estimated price of £514,800 means this house is valued at £4,151 per sq meter (£385 per sq foot).
The average size of a house on WELL WAY is 112 sq meters (1,212 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Unable to prosecute suspect | On or near Well Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Penhallow Road |
| Aug 2024 | Anti-social behaviour | On or near A3058 | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near A3058 |
| Aug 2024 | Anti-social behaviour | On or near A3058 |