3, LOWER WELL PARK, MEVAGISSEY, ST AUSTELL, PL26 6UZ - £425,000

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

3 LOWER WELL PARK is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £425,000 in September 2023, which was around 4% below the average September 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

3 LOWER WELL PARK Sold Prices

Land registry data shows three sales for 3 LOWER WELL PARK 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 3 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
2023 22 SEP	£425,000	£444,914	4% below HPI
2020 22 DEC	£310,000	£379,621	18% below HPI
2011 13 SEP	£249,950	£274,568	9% below HPI

3 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 three 3 LOWER WELL PARK sales between September 2011 and September 2023 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 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 3 LOWER WELL PARK?

3 LOWER WELL PARK is 93m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% of detached houses in Mevagissey, based on EPC data. The below chart shows the distribution of detached houses by size in Mevagissey, and where 3 LOWER WELL PARK lies on this distribution: 21% of detached houses are smaller than 3 LOWER WELL PARK, and 79% of houses are larger. Note that EPC data is not available for all properties in Mevagissey.

3 LOWER WELL PARK: Plot and Title Map

3 LOWER WELL PARK sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 3 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 3 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 3 LOWER WELL PARK?

3 LOWER WELL PARK is located in MEVAGISSEY, in the PL26 postcode district. The below map shows the position of No. 3 on LOWER WELL PARK.