4, MELIN DRIVE, TRURO, TR1 3FU - £1,000,000

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.

4 MELIN DRIVE is a very large detached house of 205m², which could now be worth an estimated £1,007,760. It was last sold for £1,000,000 in April 2022, which was around 130% above the average April 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was B.

4 MELIN DRIVE Sold Prices

Land registry data shows two sales for 4 MELIN DRIVE 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 4 MELIN DRIVE sales were 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
2022 29 APR	£1,000,000	£433,864	130% above HPI
2020 1 APR	£695,000	£343,783	102% above HPI

4 MELIN DRIVE 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 4 MELIN DRIVE sales from April 2020 and April 2022 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 April 2020 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the April 2022 sale, where it rises to 130% above the HPI. The line then continues to track at 130% above the HPI.

What might 4 MELIN DRIVE be worth now?

4 MELIN DRIVE might now be worth an estimated £1,007,760.

This is based on house price inflation of 0.8%, between April 2022 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 0.8% inflationary increase is applied to the most recent sale price for 4 MELIN DRIVE of £1,000,000 on 29th April 2022. For the value to have increased from £1,000,000 to £1,007,760 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 4 MELIN DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2022 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MELIN DRIVE has not materially changed since April 2022.

How Large is 4 MELIN DRIVE?

4 MELIN DRIVE is 205m² according to the EPC inspection conducted in March 2020. This puts it in the largest 10% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where 4 MELIN DRIVE lies on this distribution: 93% of detached houses houses are smaller than 4 MELIN DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Truro.

4 MELIN DRIVE: Plot and Title Map

4 MELIN DRIVE sits on a plot of roughly 0.195 of an acre, or 791m². The below map shows the location of 4 MELIN DRIVE, 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 MELIN DRIVE). 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 MELIN DRIVE?

4 MELIN DRIVE is located in TRURO, in the TR1 postcode district. The below map shows the position of No. 4 on MELIN DRIVE.