24, LOWER WELL PARK, MEVAGISSEY, ST AUSTELL, PL26 6UZ - £269,950

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.

24 LOWER WELL PARK is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £383,969. It was last sold for £269,950 in September 2016, which was around 12% below the average September 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was A.

24 LOWER WELL PARK Sold Prices

Land registry data shows two sales for 24 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. Both of the two 24 LOWER WELL PARK 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
2016 16 SEP	£269,950	£307,396	12% below HPI
2006 20 MAR	£215,000	£263,325	18% below HPI

24 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 24 LOWER WELL PARK sales from March 2006 and September 2016 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 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 24 LOWER WELL PARK be worth now?

24 LOWER WELL PARK might now be worth an estimated £383,969.

This is based on house price inflation of 42.2%, between September 2016 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 42.2% inflationary increase is applied to the most recent sale price for 24 LOWER WELL PARK of £269,950 on 16th September 2016. For the value to have increased from £269,950 to £383,969 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 24 LOWER WELL PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2016 sale price of £269,950 represented a fair market value for the property.
• The size, condition, and specification of 24 LOWER WELL PARK has not materially changed since September 2016.

How Large is 24 LOWER WELL PARK?

24 LOWER WELL PARK is 74m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% 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 24 LOWER WELL PARK lies on this distribution: 7% of detached houses houses are smaller than 24 LOWER WELL PARK, and 93% of houses are larger. Note that EPC data is not available for all properties in Mevagissey.

24 LOWER WELL PARK: Plot and Title Map

24 LOWER WELL PARK sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of 24 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 24 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 24 LOWER WELL PARK?

24 LOWER WELL PARK is located in MEVAGISSEY, in the PL26 postcode district. The below map shows the position of No. 24 on LOWER WELL PARK.