£906,268
This estimated value is based upon the latest sale price for the house of £650,000 on 11 Dec 2015. 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 |
|---|---|
| £650,000 | 11 Dec 2015 |
| £290,000 | 7 Feb 2014 |
| £312,500 | 3 May 2011 |
| Detached |
| Freehold |
| Floor Area: 197 sq meters or 2,120 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 December 2015 the House Price Index for CORNWALL was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £650,000 results in an estimated price of approximately £906,268.
| 11 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £650,000 | £256,268 | £906,268 |
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 | 53.958 % | £350,724 | £1,000,724 |
| 3 Month Average | 53.158 % | £345,524 | £995,524 |
| 6 Month Average | 62.962 % | £409,252 | £1,059,252 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 2 Aug 2022 | £166,278 | £165,500 | FLAT 3A THE ORCHARD PORTH WAY |
This house has a floor area of 197 sq meters or 2,120 sq feet when measured on 19 Jun 2015. Using an estimated price of £906,268 means this house is valued at £4,600 per sq meter (£427 per sq foot).
The average size of a house on PORTH WAY is 88 sq meters (950 sq feet).
This house is the largest in the street with a floor area of 197 sq meters (2,120 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Unable to prosecute suspect | On or near Well Way |
| Oct 2024 | Anti-social behaviour | On or near Porth Beach Road | |
| Aug 2024 | Anti-social behaviour | On or near Alexandra Court | |
| Aug 2024 | Anti-social behaviour | On or near Alexandra Court | |
| Aug 2024 | Anti-social behaviour | On or near Alexandra Court |