2, MAYFIELD CLOSE, BODMIN, PL31 2HD - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MAYFIELD CLOSE is a small detached house of 103m², built sometime between 1983 and 1990. It was last sold for £175,000 in September 2009, which was around 34% below the average September 2009 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

2 MAYFIELD CLOSE Sold Prices

Land registry data shows six sales for 2 MAYFIELD CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the six 2 MAYFIELD CLOSE sales were 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
2009 25 SEP	£175,000	£265,944	34% below HPI
2007 26 NOV	£194,000	£306,692	37% below HPI
2003 24 OCT	£165,000	£224,257	26% below HPI
2000 29 SEP	£81,000	£123,015	34% below HPI
1998 26 JUN	£70,000	£89,781	22% below HPI
1995 24 FEB	£60,000	£71,286	16% below HPI

2 MAYFIELD CLOSE 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 six 2 MAYFIELD CLOSE sales between February 1995 and September 2009 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 November 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2009 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 MAYFIELD CLOSE be worth now?

2 MAYFIELD CLOSE might now be worth an estimated £292,169.

This is based on house price inflation of 67%, between September 2009 and December 2024, 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 67% inflationary increase is applied to the most recent sale price for 2 MAYFIELD CLOSE of £175,000 on 25th September 2009. For the value to have increased from £175,000 to £292,169 over the fourteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 MAYFIELD CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2009 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAYFIELD CLOSE has not materially changed since September 2009.

How Large is 2 MAYFIELD CLOSE?

2 MAYFIELD CLOSE is 103m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 40% of detached houses houses in Bodmin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bodmin, and where 2 MAYFIELD CLOSE lies on this distribution: 39% of detached houses houses are smaller than 2 MAYFIELD CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bodmin.

2 MAYFIELD CLOSE: Plot and Title Map

2 MAYFIELD CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 MAYFIELD CLOSE, 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 2 MAYFIELD CLOSE). 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 2 MAYFIELD CLOSE?

2 MAYFIELD CLOSE is located in BODMIN, in the PL31 postcode district. The below map shows the position of No. 2 on MAYFIELD CLOSE.