8, MELLIARS WAY, BUDE, EX23 8HB - £306,000

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.

8 MELLIARS WAY is a small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £382,744. It was last sold for £306,000 in November 2019, which was around 12% below the average November 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was A.

8 MELLIARS WAY Sold Prices

Land registry data shows two sales for 8 MELLIARS WAY 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. Both of the two 8 MELLIARS WAY 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
2019 6 NOV	£306,000	£349,562	12% below HPI
2008 15 JUL	£235,000	£286,766	18% below HPI

8 MELLIARS WAY 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 8 MELLIARS WAY sales from July 2008 and November 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 July 2008 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 MELLIARS WAY be worth now?

8 MELLIARS WAY might now be worth an estimated £382,744.

This is based on house price inflation of 25.1%, between November 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 25.1% inflationary increase is applied to the most recent sale price for 8 MELLIARS WAY of £306,000 on 6th November 2019. For the value to have increased from £306,000 to £382,744 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 MELLIARS WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2019 sale price of £306,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MELLIARS WAY has not materially changed since November 2019.

How Large is 8 MELLIARS WAY?

8 MELLIARS WAY is 90m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses houses in Bude, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bude, and where 8 MELLIARS WAY lies on this distribution: 34% of detached houses houses are smaller than 8 MELLIARS WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Bude.

8 MELLIARS WAY: Plot and Title Map

8 MELLIARS WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 8 MELLIARS WAY, 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 8 MELLIARS WAY). 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 8 MELLIARS WAY?

8 MELLIARS WAY is located in BUDE, in the EX23 postcode district. The below map shows the position of No. 8 on MELLIARS WAY.