4, MELVILL LANE, FALMOUTH, TR11 4DY - £245,000

4 MELVILL LANE is a very small detached house of 55m², built sometime between 1976 and 1982. It was last sold for £245,000 in July 2011, which was around 9% below the average July 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

4 MELVILL LANE Sold Prices

Land registry data shows three sales for 4 MELVILL LANE 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 4 MELVILL LANE 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
2011 29 JUL	£245,000	£267,873	9% below HPI
2000 24 FEB	£76,000	£104,617	27% below HPI
1996 23 APR	£64,000	£70,032	9% below HPI

4 MELVILL LANE 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 4 MELVILL LANE sales between April 1996 and July 2011 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 February 2000 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2011 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 4 MELVILL LANE?

4 MELVILL LANE is 55m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses in Falmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Falmouth, and where 4 MELVILL LANE lies on this distribution: 3% of detached houses are smaller than 4 MELVILL LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Falmouth.

4 MELVILL LANE: Plot and Title Map

4 MELVILL LANE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 4 MELVILL LANE, 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 4 MELVILL LANE). 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 4 MELVILL LANE?

4 MELVILL LANE is located in FALMOUTH, in the TR11 postcode district. The below map shows the position of No. 4 on MELVILL LANE.