3, WALLACE MEWS, BODMIN, PL31 2EX - £124,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 WALLACE MEWS is a small semi-detached house of 88m², built sometime between 1976 and 1982. It was last sold for £124,950 in April 2018, which was around 41% below the average April 2018 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was February 2021, where the current energy rating was E, and the potential energy rating was B.

3 WALLACE MEWS Sold Prices

Land registry data shows two sales for 3 WALLACE MEWS 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. Both of the two 3 WALLACE MEWS 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
2018 30 APR	£124,950	£213,093	41% below HPI
2004 3 NOV	£116,500	£172,565	32% below HPI

3 WALLACE MEWS 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 3 WALLACE MEWS sales from November 2004 and April 2018 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 November 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the April 2018 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 3 WALLACE MEWS be worth now?

3 WALLACE MEWS might now be worth an estimated £172,020.

This is based on house price inflation of 37.7%, between April 2018 and December 2024, 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 37.7% inflationary increase is applied to the most recent sale price for 3 WALLACE MEWS of £124,950 on 30th April 2018. For the value to have increased from £124,950 to £172,020 over the five years and four months to December 2024, the following assumptions must hold true:

• The value of 3 WALLACE MEWS has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The April 2018 sale price of £124,950 represented a fair market value for the property.
• The size, condition, and specification of 3 WALLACE MEWS has not materially changed since April 2018.

How Large is 3 WALLACE MEWS?

3 WALLACE MEWS is 88m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% of semi-detached houses houses in Bodmin, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bodmin, and where 3 WALLACE MEWS lies on this distribution: 23% of semi-detached houses houses are smaller than 3 WALLACE MEWS, and 76% of houses are larger. Note that EPC data is not available for all properties in Bodmin.

3 WALLACE MEWS: Plot and Title Map

3 WALLACE MEWS sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 3 WALLACE MEWS, 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 WALLACE MEWS). 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 WALLACE MEWS?

3 WALLACE MEWS is located in BODMIN, in the PL31 postcode district. The below map shows the position of No. 3 on WALLACE MEWS.