9, WALLACE MEWS, BODMIN, PL31 2EX - £154,000

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.

9 WALLACE MEWS is a very small terraced house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £171,855. It was last sold for £154,000 in March 2021, which was around 25% below the average March 2021 terraced price in the Cornwall local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

9 WALLACE MEWS Sold Prices

Land registry data shows five sales for 9 WALLACE MEWS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Most of the five 9 WALLACE MEWS 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
2021 15 MAR	£154,000	£206,642	25% below HPI
2020 17 DEC	£155,000	£204,147	24% below HPI
2003 11 JUL	£110,000	£109,200	1% above HPI
2000 9 JUN	£48,950	£55,720	12% below HPI
1997 31 OCT	£38,000	£42,845	11% below HPI

9 WALLACE MEWS 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 five 9 WALLACE MEWS sales between October 1997 and March 2021 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 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 9 WALLACE MEWS be worth now?

9 WALLACE MEWS might now be worth an estimated £171,855.

This is based on house price inflation of 11.6%, between March 2021 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 11.6% inflationary increase is applied to the most recent sale price for 9 WALLACE MEWS of £154,000 on 15th March 2021. For the value to have increased from £154,000 to £171,855 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 9 WALLACE MEWS has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The March 2021 sale price of £154,000 represented a fair market value for the property.
• The size, condition, and specification of 9 WALLACE MEWS has not materially changed since March 2021.

How Large is 9 WALLACE MEWS?

9 WALLACE MEWS is 69m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of terraced houses houses in Bodmin, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bodmin, and where 9 WALLACE MEWS lies on this distribution: 5% of terraced houses houses are smaller than 9 WALLACE MEWS, and 94% of houses are larger. Note that EPC data is not available for all properties in Bodmin.

9 WALLACE MEWS: Plot and Title Map

9 WALLACE MEWS sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 9 WALLACE MEWS, 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 9 WALLACE MEWS). 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 9 WALLACE MEWS?

9 WALLACE MEWS is located in BODMIN, in the PL31 postcode district. The below map shows the position of No. 9 on WALLACE MEWS.