1, SMITHS WAY, LATCHBROOK, SALTASH, PL12 4TP - £385,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 SMITHS WAY is a large extended detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £447,673. It was last sold for £385,000 in March 2021, which was around 1% above the average March 2021 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 B.

1 SMITHS WAY Sold Prices

Land registry data shows three sales for 1 SMITHS WAY 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. Two of the three 1 SMITHS WAY sales were for above the average price, whilst one was 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 18 MAR	£385,000	£381,844	1% above HPI
2007 31 AUG	£270,500	£298,261	9% below HPI
1997 27 MAR	£98,000	£79,203	24% above HPI

1 SMITHS 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 three 1 SMITHS WAY sales between March 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 August 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 1 SMITHS WAY be worth now?

1 SMITHS WAY might now be worth an estimated £447,673.

This is based on house price inflation of 16.3%, between March 2021 and December 2024, 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 16.3% inflationary increase is applied to the most recent sale price for 1 SMITHS WAY of £385,000 on 18th March 2021. For the value to have increased from £385,000 to £447,673 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 1 SMITHS WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SMITHS WAY has not materially changed since March 2021.

How Large is 1 SMITHS WAY?

1 SMITHS WAY is 119m², which includes three extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltash, and where 1 SMITHS WAY lies on this distribution: 66% of detached houses houses are smaller than 1 SMITHS WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Saltash.

1 SMITHS WAY: Plot and Title Map

1 SMITHS WAY sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 1 SMITHS 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 1 SMITHS 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 1 SMITHS WAY?

1 SMITHS WAY is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 1 on SMITHS WAY.