PORTHMEOR, ELMSLEIGH ROAD, WADEBRIDGE, PL27 7HA - £350,000

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.

PORTHMEOR is a large extended detached house of 121m², built sometime between 1930 and 1949, which could now be worth an estimated £454,717. It was last sold for £350,000 in April 2019, which was around 4% above the average April 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

PORTHMEOR Sold Prices

Land registry data shows two sales for PORTHMEOR 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. One of the two PORTHMEOR sales was for above the average price, whilst the other was 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
2019 23 APR	£350,000	£336,541	4% above HPI
1997 20 JUN	£80,000	£80,742	1% below HPI

PORTHMEOR 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 PORTHMEOR sales from June 1997 and April 2019 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 June 1997 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2019 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might PORTHMEOR be worth now?

PORTHMEOR might now be worth an estimated £454,717.

This is based on house price inflation of 29.9%, between April 2019 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 29.9% inflationary increase is applied to the most recent sale price for PORTHMEOR of £350,000 on 23rd April 2019. For the value to have increased from £350,000 to £454,717 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of PORTHMEOR has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of PORTHMEOR has not materially changed since April 2019.

How Large is PORTHMEOR?

PORTHMEOR is 121m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses houses in Wadebridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wadebridge, and where PORTHMEOR lies on this distribution: 63% of detached houses houses are smaller than PORTHMEOR, and 36% of houses are larger. Note that EPC data is not available for all properties in Wadebridge.

PORTHMEOR: Plot and Title Map

PORTHMEOR sits on a plot of roughly 0.186 of an acre, or 751m². The below map shows the location of PORTHMEOR, 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 PORTHMEOR). 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 PORTHMEOR?

PORTHMEOR is located on ELMSLEIGH ROAD in WADEBRIDGE, in the PL27 postcode district. The below map shows the position of PORTHMEOR on ELMSLEIGH ROAD.