3, MELLANVRANE LANE, NEWQUAY, TR7 2LB - £245,000

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.

3 MELLANVRANE LANE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £384,533. It was last sold for £245,000 in July 2013, which was around 12% below the average July 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

3 MELLANVRANE LANE Sold Prices

Land registry data shows two sales for 3 MELLANVRANE LANE 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 3 MELLANVRANE LANE 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
2013 30 JUL	£245,000	£278,576	12% below HPI
2006 17 OCT	£220,000	£283,571	22% below HPI

3 MELLANVRANE LANE 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 3 MELLANVRANE LANE sales from October 2006 and July 2013 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 October 2006 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2013 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 3 MELLANVRANE LANE be worth now?

3 MELLANVRANE LANE might now be worth an estimated £384,533.

This is based on house price inflation of 57%, between July 2013 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 57% inflationary increase is applied to the most recent sale price for 3 MELLANVRANE LANE of £245,000 on 30th July 2013. For the value to have increased from £245,000 to £384,533 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of 3 MELLANVRANE LANE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MELLANVRANE LANE has not materially changed since July 2013.

How Large is 3 MELLANVRANE LANE?

3 MELLANVRANE LANE is 96m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where 3 MELLANVRANE LANE lies on this distribution: 37% of detached houses houses are smaller than 3 MELLANVRANE LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Newquay.

3 MELLANVRANE LANE: Plot and Title Map

3 MELLANVRANE LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 3 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 3 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 3 MELLANVRANE LANE?

3 MELLANVRANE LANE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 3 on MELLANVRANE LANE.