2, MELLANEAR CLOSE, HAYLE, TR27 4QU - £375,000

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

2 MELLANEAR CLOSE is a small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £375,000 in August 2022, which was around 15% below the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was C.

2 MELLANEAR CLOSE Sold Prices

Land registry data shows three sales for 2 MELLANEAR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 2 MELLANEAR 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
2022 22 AUG	£375,000	£441,815	15% below HPI
2016 21 MAR	£195,000	£307,330	37% below HPI
1999 12 NOV	£71,000	£101,894	30% below HPI

2 MELLANEAR 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 three 2 MELLANEAR CLOSE sales between November 1999 and August 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 March 2016 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 MELLANEAR CLOSE?

2 MELLANEAR CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% of detached houses in Hayle, based on EPC data. The below chart shows the distribution of detached houses by size in Hayle, and where 2 MELLANEAR CLOSE lies on this distribution: 20% of detached houses are smaller than 2 MELLANEAR CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Hayle.

2 MELLANEAR CLOSE: Plot and Title Map

2 MELLANEAR CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 MELLANEAR 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 MELLANEAR 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 MELLANEAR CLOSE?

2 MELLANEAR CLOSE is located in HAYLE, in the TR27 postcode district. The below map shows the position of No. 2 on MELLANEAR CLOSE.