8, MAYFIELD CLOSE, BODMIN, PL31 2HD - £210,000

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.

8 MAYFIELD CLOSE is a very small detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £263,774. It was last sold for £210,000 in March 2020, which was around 40% below the average March 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 MAYFIELD CLOSE Sold Prices

Land registry data shows two sales for 8 MAYFIELD CLOSE 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 8 MAYFIELD 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
2020 27 MAR	£210,000	£348,096	40% below HPI
1998 12 OCT	£45,000	£92,584	51% below HPI

8 MAYFIELD 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 two 8 MAYFIELD CLOSE sales from October 1998 and March 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 October 1998 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2020 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 8 MAYFIELD CLOSE be worth now?

8 MAYFIELD CLOSE might now be worth an estimated £263,774.

This is based on house price inflation of 25.6%, between March 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 25.6% inflationary increase is applied to the most recent sale price for 8 MAYFIELD CLOSE of £210,000 on 27th March 2020. For the value to have increased from £210,000 to £263,774 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of 8 MAYFIELD CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAYFIELD CLOSE has not materially changed since March 2020.

How Large is 8 MAYFIELD CLOSE?

8 MAYFIELD CLOSE is 78m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses houses in Bodmin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bodmin, and where 8 MAYFIELD CLOSE lies on this distribution: 13% of detached houses houses are smaller than 8 MAYFIELD CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Bodmin.

8 MAYFIELD CLOSE: Plot and Title Map

8 MAYFIELD CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 8 MAYFIELD 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 8 MAYFIELD 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 8 MAYFIELD CLOSE?

8 MAYFIELD CLOSE is located in BODMIN, in the PL31 postcode district. The below map shows the position of No. 8 on MAYFIELD CLOSE.