2A, MELLANVRANE LANE, NEWQUAY, TR7 2LB - £281,001

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.

2A MELLANVRANE LANE is a very small semi-detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £321,626. It was last sold for £281,001 in June 2021, which was around 10% above the average June 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

2A MELLANVRANE LANE Sold Prices

Land registry data shows two sales for 2A MELLANVRANE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the two 2A MELLANVRANE LANE 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
2021 25 JUN	£281,001	£255,844	10% above HPI
1997 19 DEC	£51,500	£54,230	5% below HPI

2A MELLANVRANE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 2A MELLANVRANE LANE sales from December 1997 and June 2021 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 December 1997 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 2A MELLANVRANE LANE be worth now?

2A MELLANVRANE LANE might now be worth an estimated £321,626.

This is based on house price inflation of 14.5%, between June 2021 and March 2025, for semi-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 14.5% inflationary increase is applied to the most recent sale price for 2A MELLANVRANE LANE of £281,001 on 25th June 2021. For the value to have increased from £281,001 to £321,626 over the four years and three months to March 2025, the following assumptions must hold true:

• The value of 2A MELLANVRANE LANE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The June 2021 sale price of £281,001 represented a fair market value for the property.
• The size, condition, and specification of 2A MELLANVRANE LANE has not materially changed since June 2021.

How Large is 2A MELLANVRANE LANE?

2A MELLANVRANE LANE is 74m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of semi-detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newquay, and where 2A MELLANVRANE LANE lies on this distribution: 10% of semi-detached houses houses are smaller than 2A MELLANVRANE LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Newquay.

2A MELLANVRANE LANE: Plot and Title Map

2A MELLANVRANE LANE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 2A 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 2A 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 2A MELLANVRANE LANE?

2A MELLANVRANE LANE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 2A on MELLANVRANE LANE.