3, MALLORY DRIVE, NEWQUAY, TR7 3FD - £225,000

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.

3 MALLORY DRIVE is a midsized terraced house of 103m², built in 2010, which could now be worth an estimated £290,977. It was last sold for £225,000 in July 2018, which was around 26% above the average July 2018 terraced price in the Cornwall local authority area. The most recent EPC inspection was November 2014, where the current energy rating was B, and the potential energy rating was B.

3 MALLORY DRIVE Sold Prices

Land registry data shows two sales for 3 MALLORY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Both of the two 3 MALLORY DRIVE 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
2018 27 JUL	£225,000	£178,313	26% above HPI
2014 16 DEC	£202,995	£159,223	27% above HPI

3 MALLORY DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The two 3 MALLORY DRIVE sales from December 2014 and July 2018 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 December 2014 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2018 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 3 MALLORY DRIVE be worth now?

3 MALLORY DRIVE might now be worth an estimated £290,977.

This is based on house price inflation of 29.3%, between July 2018 and May 2026, for terraced 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 29.3% inflationary increase is applied to the most recent sale price for 3 MALLORY DRIVE of £225,000 on 27th July 2018. For the value to have increased from £225,000 to £290,977 over the eight years and two months to May 2026, the following assumptions must hold true:

• The value of 3 MALLORY DRIVE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The July 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MALLORY DRIVE has not materially changed since July 2018.

How Large is 3 MALLORY DRIVE?

3 MALLORY DRIVE is 103m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of terraced houses houses in Newquay, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newquay, and where 3 MALLORY DRIVE lies on this distribution: 44% of terraced houses houses are smaller than 3 MALLORY DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Newquay.

3 MALLORY DRIVE: Plot and Title Map

3 MALLORY DRIVE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 3 MALLORY DRIVE, 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 3 MALLORY DRIVE). 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 3 MALLORY DRIVE?

3 MALLORY DRIVE is located in NEWQUAY, in the TR7 postcode district. The below map shows the position of No. 3 on MALLORY DRIVE.