MELVERNE, WEST HILL, WADEBRIDGE, PL27 7EJ - £445,000

MELVERNE is a very large detached house of 206m², built sometime between 1930 and 1949. It was last sold for £445,000 in January 2019, which was around 32% above the average January 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

MELVERNE Sold Prices

Land registry data shows three sales for MELVERNE 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 MELVERNE 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
2019 18 JAN	£445,000	£336,721	32% above HPI
2003 12 NOV	£322,500	£223,739	44% above HPI
2001 5 JUL	£150,000	£128,745	17% above HPI

MELVERNE 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 MELVERNE sales between July 2001 and January 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 November 2003 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the January 2019 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is MELVERNE?

MELVERNE is 206m² according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses in Wadebridge, based on EPC data. The below chart shows the distribution of detached houses by size in Wadebridge, and where MELVERNE lies on this distribution: 97% of detached houses are smaller than MELVERNE, and 3% of houses are larger. Note that EPC data is not available for all properties in Wadebridge.

MELVERNE: Plot and Title Map

MELVERNE sits on a plot of roughly 0.221 of an acre, or 895m². The below map shows the location of MELVERNE, 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 MELVERNE). 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 MELVERNE?

MELVERNE is located on WEST HILL in WADEBRIDGE, in the PL27 postcode district. The below map shows the position of MELVERNE on WEST HILL.