£74,748
This estimated value is based upon the latest sale price for the house of £73,500 on 29 Mar 2023. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £73,500 | 29 Mar 2023 |
| £52,000 | 17 Jul 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 March 2023 the House Price Index for CORNWALL was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £73,500 results in an estimated price of approximately £74,748.
| 29 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £73,500 | £1,248 | £74,748 |
The Postcode Pricing Model uses changes in average sales price within the PL14 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 | 11.656 % | £8,567 | £82,067 |
| 3 Month Average | -8.696 % | £-6,391 | £67,108 |
| 6 Month Average | 0.483 % | £355 | £73,855 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £112,981 | £112,000 | FLAT 5 THE WELL HOUSE WELL LANE |
| 6 Oct 2023 | £368,366 | £360,000 | WESLEY HOUSE BAY TREE HILL |
| 23 Aug 2023 | £39,716 | £39,000 | 3B PIKE STREET |
| 29 Mar 2023 | £74,748 | £73,500 | FLAT 1 32 WELL LANE |
| 14 Mar 2023 | £162,717 | £160,000 | FLAT 2 2 CHURCH STREET |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 8 Feb 2019. Using an estimated price of £74,748 means this house is valued at £1,738 per sq meter (£161 per sq foot).
The average size of a house on WELL LANE is 60 sq meters (649 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Offender given a caution | On or near Well Lane |
| Oct 2024 | Other crime | Under investigation | On or near Fore Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fore Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fore Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fore Street |