4, LOWER WELL PARK, MEVAGISSEY, ST AUSTELL, PL26 6UZ - £266,250

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.

4 LOWER WELL PARK is a small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £411,406. It was last sold for £266,250 in February 2014, which was around 6% below the average February 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

4 LOWER WELL PARK Sold Prices

Land registry data shows three sales for 4 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. Two of the three 4 LOWER WELL PARK sales were for below the average price, whilst one was for above 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
2014 21 FEB	£266,250	£282,963	6% below HPI
2004 14 SEP	£278,000	£261,089	6% above HPI
2000 4 AUG	£110,000	£119,841	8% below HPI

4 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 4 LOWER WELL PARK sales between August 2000 and February 2014 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 September 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the February 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 4 LOWER WELL PARK be worth now?

4 LOWER WELL PARK might now be worth an estimated £411,406.

This is based on house price inflation of 54.5%, between February 2014 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 54.5% inflationary increase is applied to the most recent sale price for 4 LOWER WELL PARK of £266,250 on 21st February 2014. For the value to have increased from £266,250 to £411,406 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 4 LOWER WELL PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2014 sale price of £266,250 represented a fair market value for the property.
• The size, condition, and specification of 4 LOWER WELL PARK has not materially changed since February 2014.

How Large is 4 LOWER WELL PARK?

4 LOWER WELL PARK is 92m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 30% 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 4 LOWER WELL PARK lies on this distribution: 20% of detached houses houses are smaller than 4 LOWER WELL PARK, and 80% of houses are larger. Note that EPC data is not available for all properties in Mevagissey.

4 LOWER WELL PARK: Plot and Title Map

4 LOWER WELL PARK sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of 4 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 4 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 4 LOWER WELL PARK?

4 LOWER WELL PARK is located in MEVAGISSEY, in the PL26 postcode district. The below map shows the position of No. 4 on LOWER WELL PARK.