55, MELLANEAR CLOSE, HAYLE, TR27 4QU - £220,000

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.

55 MELLANEAR CLOSE is a very small extended detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £334,270. It was last sold for £220,000 in August 2014, which was around 24% below the average August 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

55 MELLANEAR CLOSE Sold Prices

Land registry data shows five sales for 55 MELLANEAR CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five 55 MELLANEAR CLOSE 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
2014 20 AUG	£220,000	£287,764	24% below HPI
2008 20 MAR	£230,000	£295,814	22% below HPI
2005 5 DEC	£224,000	£264,682	15% below HPI
2002 4 APR	£125,000	£153,157	18% below HPI
1996 11 OCT	£52,000	£76,556	32% below HPI

55 MELLANEAR CLOSE 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 five 55 MELLANEAR CLOSE sales between October 1996 and August 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 March 2008 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 55 MELLANEAR CLOSE be worth now?

55 MELLANEAR CLOSE might now be worth an estimated £334,270.

This is based on house price inflation of 51.9%, between August 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 51.9% inflationary increase is applied to the most recent sale price for 55 MELLANEAR CLOSE of £220,000 on 20th August 2014. For the value to have increased from £220,000 to £334,270 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 55 MELLANEAR CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 55 MELLANEAR CLOSE has not materially changed since August 2014.

How Large is 55 MELLANEAR CLOSE?

55 MELLANEAR CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses houses in Hayle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hayle, and where 55 MELLANEAR CLOSE lies on this distribution: 11% of detached houses houses are smaller than 55 MELLANEAR CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Hayle.

55 MELLANEAR CLOSE: Plot and Title Map

55 MELLANEAR CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 55 MELLANEAR CLOSE, 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 55 MELLANEAR CLOSE). 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 55 MELLANEAR CLOSE?

55 MELLANEAR CLOSE is located in HAYLE, in the TR27 postcode district. The below map shows the position of No. 55 on MELLANEAR CLOSE.