7, MENHINICK CLOSE, LANDRAKE, SALTASH, PL12 5DJ - £185,000

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.

7 MENHINICK CLOSE is a small extended terraced house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £284,707. It was last sold for £185,000 in May 2013, which was around 23% above the average May 2013 terraced price in the Cornwall local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

7 MENHINICK CLOSE Sold Prices

Land registry data shows three sales for 7 MENHINICK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the three 7 MENHINICK CLOSE 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
2013 28 MAY	£185,000	£149,842	23% above HPI
2009 16 DEC	£185,000	£150,950	23% above HPI
2003 8 AUG	£134,000	£109,446	22% above HPI

7 MENHINICK CLOSE 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 three 7 MENHINICK CLOSE sales between August 2003 and May 2013 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 2009 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2013 sale, which was also at 23% above the HPI.

What might 7 MENHINICK CLOSE be worth now?

7 MENHINICK CLOSE might now be worth an estimated £284,707.

This is based on house price inflation of 53.9%, between May 2013 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 53.9% inflationary increase is applied to the most recent sale price for 7 MENHINICK CLOSE of £185,000 on 28th May 2013. For the value to have increased from £185,000 to £284,707 over the thirteen years to May 2026, the following assumptions must hold true:

• The value of 7 MENHINICK CLOSE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2013 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MENHINICK CLOSE has not materially changed since May 2013.

How Large is 7 MENHINICK CLOSE?

7 MENHINICK CLOSE is 101m², which includes two extensions, according to the EPC inspection conducted in September 2009. This puts it in the smallest 30% of terraced houses houses in Landrake, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Landrake, and where 7 MENHINICK CLOSE lies on this distribution: 29% of terraced houses houses are smaller than 7 MENHINICK CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Landrake.

7 MENHINICK CLOSE: Plot and Title Map

7 MENHINICK CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 MENHINICK CLOSE, 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 7 MENHINICK CLOSE). 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 7 MENHINICK CLOSE?

7 MENHINICK CLOSE is located in LANDRAKE, in the PL12 postcode district. The below map shows the position of No. 7 on MENHINICK CLOSE.