£424,079
This estimated value is based upon the latest sale price for the house of £400,000 on 7 Jan 2022. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £400,000 | 7 Jan 2022 |
| £140,000 | 7 Jun 1996 |
| Detached |
| Freehold |
| Floor Area: 206 sq meters or 2,217 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 January 2022 the House Price Index for CORNWALL was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £400,000 results in an estimated price of approximately £424,079.
| 7 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £400,000 | £24,079 | £424,079 |
The Postcode Pricing Model uses changes in average sales price within the TR11 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 | 31.352 % | £125,407 | £525,407 |
| 3 Month Average | 0.668 % | £2,672 | £402,672 |
| 6 Month Average | 16.912 % | £67,648 | £467,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2024 | £385,000 | £385,000 | APARTMENT 25 GYLLYNGDUNE MANOR EMSLIE ROAD |
| 8 Apr 2024 | £786,833 | £780,000 | 16 LANSDOWNE ROAD |
| 27 Apr 2023 | £147,764 | £145,000 | FLAT 46 BAY COURT CLIFF ROAD |
| 6 Apr 2023 | £254,765 | £250,000 | 6 ARWYN COTTAGES |
| 27 Jan 2023 | £752,009 | £750,000 | 12 LANSDOWNE ROAD |
This house has a floor area of 206 sq meters or 2,217 sq feet when measured on 9 Apr 2014. Using an estimated price of £424,079 means this house is valued at £2,058 per sq meter (£191 per sq foot).
The average size of a house on MELVILL ROAD is 127 sq meters (1,375 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Avenue Road |
| Aug 2024 | Anti-social behaviour | On or near Avenue Road | |
| Aug 2024 | Anti-social behaviour | On or near Avenue Road | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Avenue Road |
| Jun 2024 | Anti-social behaviour | On or near Falmouth Town |