1, MELIN DRIVE, TRURO, TR1 3FU - £870,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MELIN DRIVE is a very large detached house of 165m². It was last sold for £870,000 in May 2024, which was around 102% above the average May 2024 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2020, where the current energy rating was B, and the potential energy rating was B.

1 MELIN DRIVE Sold Prices

Land registry data shows two sales for 1 MELIN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 1 MELIN DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 30 MAY	£870,000	£430,154	102% above HPI
2021 3 MAR	£650,000	£375,921	73% above HPI

1 MELIN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 1 MELIN DRIVE sales from March 2021 and May 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2021 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the May 2024 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

How Large is 1 MELIN DRIVE?

1 MELIN DRIVE is 165m² according to the EPC inspection conducted in October 2020. This puts it in the largest 20% of detached houses in Truro, based on EPC data. The below chart shows the distribution of detached houses by size in Truro, and where 1 MELIN DRIVE lies on this distribution: 83% of detached houses are smaller than 1 MELIN DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Truro.

1 MELIN DRIVE: Plot and Title Map

1 MELIN DRIVE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 1 MELIN DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MELIN DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MELIN DRIVE?

1 MELIN DRIVE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 1 on MELIN DRIVE.