MEROWE, CARLIDNACK LANE, MAWNAN SMITH, FALMOUTH, TR11 5HE - £939,000

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

MEROWE is a large extended detached house of 162m². It was last sold for £939,000 in November 2022, which was around 104% above the average November 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was A.

MEROWE Sold Prices

Land registry data shows four sales for MEROWE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the four MEROWE 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 16 NOV	£939,000	£461,377	104% above HPI
2016 23 MAR	£590,000	£307,330	92% above HPI
2008 26 SEP	£350,000	£283,002	24% above HPI
2003 28 MAR	£186,000	£198,922	6% below HPI

MEROWE 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 four MEROWE sales between March 2003 and November 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 March 2016 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the November 2022 sale, where it rises to 104% above the HPI. The line then continues to track at 104% above the HPI.

How Large is MEROWE?

MEROWE is 162m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses in Mawnan Smith, based on EPC data. The below chart shows the distribution of detached houses by size in Mawnan Smith, and where MEROWE lies on this distribution: 70% of detached houses are smaller than MEROWE, and 30% of houses are larger. Note that EPC data is not available for all properties in Mawnan Smith.

MEROWE: Plot and Title Map

MEROWE sits on a plot of roughly 0.254 of an acre, or 1,029m². The below map shows the location of MEROWE, 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 MEROWE). 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 MEROWE?

MEROWE is located on CARLIDNACK LANE in MAWNAN SMITH, in the TR11 postcode district. The below map shows the position of MEROWE on CARLIDNACK LANE.