16, LOWER WELL PARK, MEVAGISSEY, ST. AUSTELL, PL26 6UZ - £285,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 LOWER WELL PARK is a small extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £468,670. It was last sold for £285,000 in November 2005, which was around 7% above the average November 2005 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

16 LOWER WELL PARK Sold Prices

Land registry data shows two sales for 16 LOWER WELL PARK 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. One of the two 16 LOWER WELL PARK sales was for above the average price, whilst the other was for below 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
2005 14 NOV	£285,000	£265,882	7% above HPI
2001 28 FEB	£103,000	£121,169	15% below HPI

16 LOWER WELL PARK 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 16 LOWER WELL PARK sales from February 2001 and November 2005 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 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2005 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 16 LOWER WELL PARK be worth now?

16 LOWER WELL PARK might now be worth an estimated £468,670.

This is based on house price inflation of 64.4%, between November 2005 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64.4% inflationary increase is applied to the most recent sale price for 16 LOWER WELL PARK of £285,000 on 14th November 2005. For the value to have increased from £285,000 to £468,670 over the twenty years and nine months to February 2025, the following assumptions must hold true:

• The value of 16 LOWER WELL PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2005 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LOWER WELL PARK has not materially changed since November 2005.

How Large is 16 LOWER WELL PARK?

16 LOWER WELL PARK is 101m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% of detached houses houses in Mevagissey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mevagissey, and where 16 LOWER WELL PARK lies on this distribution: 28% of detached houses houses are smaller than 16 LOWER WELL PARK, and 71% of houses are larger. Note that EPC data is not available for all properties in Mevagissey.

16 LOWER WELL PARK: Plot and Title Map

16 LOWER WELL PARK sits on a plot of roughly 0.151 of an acre, or 613m². The below map shows the location of 16 LOWER WELL PARK, 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 16 LOWER WELL PARK). 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 16 LOWER WELL PARK?

16 LOWER WELL PARK is located in MEVAGISSEY, in the PL26 postcode district. The below map shows the position of No. 16 on LOWER WELL PARK.