MELROSE, VICARAGE ROAD, PORTHLEVEN, HELSTON, TR13 9LT - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MELROSE is a small extended detached house of 68m², built sometime between 1950 and 1966. It was last sold for £260,000 in October 2016, which was around 15% below the average October 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

MELROSE Sold Prices

Land registry data shows three sales for MELROSE 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 MELROSE 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
2016 6 OCT	£260,000	£304,899	15% below HPI
2014 4 JUL	£250,000	£281,141	11% below HPI
2007 25 MAY	£215,000	£286,298	25% below HPI

MELROSE 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 MELROSE sales between May 2007 and October 2016 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 July 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is MELROSE?

MELROSE is 68m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses in Porthleven, based on EPC data. The below chart shows the distribution of detached houses by size in Porthleven, and where MELROSE lies on this distribution: 21% of detached houses are smaller than MELROSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Porthleven.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on VICARAGE ROAD in PORTHLEVEN, in the TR13 postcode district. The below map shows the position of MELROSE on VICARAGE ROAD.