15, MELLANVRANE LANE, NEWQUAY, TR7 2LB - £875,000

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

15 MELLANVRANE LANE is a very large extended detached house of 248m², built sometime between 1900 and 1929. It was last sold for £875,000 in May 2022, which was around 102% above the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

15 MELLANVRANE LANE Sold Prices

Land registry data shows two sales for 15 MELLANVRANE LANE 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 15 MELLANVRANE LANE 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
2022 6 MAY	£875,000	£432,329	102% above HPI
1997 7 FEB	£130,100	£77,551	68% above HPI

15 MELLANVRANE LANE 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 15 MELLANVRANE LANE sales from February 1997 and May 2022 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 February 1997 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the May 2022 sale, where it rises to 102% above the HPI. The line then continues to track at 102% above the HPI.

How Large is 15 MELLANVRANE LANE?

15 MELLANVRANE LANE is 248m², which includes two extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of detached houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses by size in Newquay, and where 15 MELLANVRANE LANE lies on this distribution: 97% of detached houses are smaller than 15 MELLANVRANE LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Newquay.

15 MELLANVRANE LANE: Plot and Title Map

15 MELLANVRANE LANE sits on a plot of roughly 0.326 of an acre, or 1,319m². The below map shows the location of 15 MELLANVRANE LANE, 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 15 MELLANVRANE LANE). 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 15 MELLANVRANE LANE?

15 MELLANVRANE LANE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 15 on MELLANVRANE LANE.