£314,219
This estimated value is based upon the latest sale price for the house of £255,000 on 7 May 2020. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £255,000 | 7 May 2020 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2020 the House Price Index for CORNWALL was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £255,000 results in an estimated price of approximately £314,219.
| 7 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £255,000 | £59,219 | £314,219 |
The Postcode Pricing Model uses changes in average sales price within the TR27 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 | 11.434 % | £29,157 | £284,157 |
| 3 Month Average | 44.321 % | £113,017 | £368,017 |
| 6 Month Average | 9.840 % | £25,091 | £280,091 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £379,750 | £379,750 | 15 FOUNDRY HILL |
| 15 Mar 2024 | £365,617 | £360,000 | 48 FOUNDRY HILL |
| 8 Mar 2024 | £517,958 | £510,000 | 11 MILLPOND AVENUE |
| 21 Mar 2023 | £371,612 | £365,406 | 3 MELLANEAR ROAD |
| 20 Jan 2023 | £92,246 | £92,000 | FLAT 1, THE LAURELS 9 FOUNDRY HILL |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 6 Feb 2020. Using an estimated price of £314,220 means this house is valued at £3,740 per sq meter (£347 per sq foot).
The average size of a house on MELLANEAR ROAD is 113 sq meters (1,218 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near B3302 |
| Nov 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near B3302 |
| Sep 2024 | Anti-social behaviour | On or near Boskennel Drive | |
| Sep 2024 | Anti-social behaviour | On or near Boskennel Drive | |
| Sep 2024 | Anti-social behaviour | On or near Boskennel Drive |