£877,401
This estimated value is based upon the latest sale price for the house of £520,000 on 13 Mar 2012. This value is then adjusted by the current Official House Price Index for CORNWALL 1
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| Price Paid | Date |
|---|---|
| £520,000 | 13 Mar 2012 |
| £545,000 | 6 Aug 2009 |
| £545,000 | 6 Aug 2009 |
| £113,000 | 6 Oct 1995 |
| Detached |
| Freehold |
| Floor Area: 186 sq meters or 2,003 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 2012 the House Price Index for CORNWALL was 86.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.731%.Applying this 68.731% change to the original purchase price of £520,000 results in an estimated price of approximately £877,401.
| 13 Mar 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 146.7 | 68.731 % | £520,000 | £357,401 | £877,401 |
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 | 176.627 % | £918,460 | £1,438,460 |
| 3 Month Average | 55.710 % | £289,691 | £809,691 |
| 6 Month Average | 54.825 % | £285,090 | £805,090 |
This house has a floor area of 186 sq meters or 2,003 sq feet when measured on 29 Apr 2009.
The average size of a house on MELVILL ROAD is 127 sq meters (1,375 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near De Pass Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near De Pass Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near De Pass Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bar Lane |
| Mar 2024 | Anti-social behaviour | On or near Parking Area |