56, MELLANEAR ROAD, HAYLE, TR27 4QT - £292,000

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.

56 MELLANEAR ROAD is a small extended detached house of 83m², built sometime between 1930 and 1949, which could now be worth an estimated £360,332. It was last sold for £292,000 in August 2020, which was around 18% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

56 MELLANEAR ROAD Sold Prices

Land registry data shows three sales for 56 MELLANEAR ROAD 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. All of the three 56 MELLANEAR ROAD 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
2020 7 AUG	£292,000	£354,316	18% below HPI
2018 7 SEP	£270,000	£340,810	21% below HPI
2007 14 DEC	£230,000	£304,013	24% below HPI

56 MELLANEAR ROAD 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 56 MELLANEAR ROAD sales between December 2007 and August 2020 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 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 56 MELLANEAR ROAD be worth now?

56 MELLANEAR ROAD might now be worth an estimated £360,332.

This is based on house price inflation of 23.4%, between August 2020 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 23.4% inflationary increase is applied to the most recent sale price for 56 MELLANEAR ROAD of £292,000 on 7th August 2020. For the value to have increased from £292,000 to £360,332 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 56 MELLANEAR ROAD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2020 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of 56 MELLANEAR ROAD has not materially changed since August 2020.

How Large is 56 MELLANEAR ROAD?

56 MELLANEAR ROAD is 83m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% 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 56 MELLANEAR ROAD lies on this distribution: 31% of detached houses houses are smaller than 56 MELLANEAR ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Hayle.

56 MELLANEAR ROAD: Plot and Title Map

56 MELLANEAR ROAD sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 56 MELLANEAR ROAD, 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 56 MELLANEAR ROAD). 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 56 MELLANEAR ROAD?

56 MELLANEAR ROAD is located in HAYLE, in the TR27 postcode district. The below map shows the position of No. 56 on MELLANEAR ROAD.