15, SMITHS WAY, LATCHBROOK, SALTASH, PL12 4TP - £255,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 SMITHS WAY is a large extended detached house of 114m², built sometime between 1996 and 2002. It was last sold for £255,000 in April 2015, which was around 13% below the average April 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

15 SMITHS WAY Sold Prices

Land registry data shows five sales for 15 SMITHS WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Most of the five 15 SMITHS WAY 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
2015 30 APR	£255,000	£292,933	13% below HPI
2007 22 JUN	£290,000	£286,937	1% above HPI
2003 20 OCT	£215,000	£220,779	3% below HPI
1999 31 AUG	£110,000	£98,105	12% above HPI
1997 6 JUN	£109,950	£79,490	38% above HPI

15 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 five 15 SMITHS WAY sales between June 1997 and April 2015 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 June 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the April 2015 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 15 SMITHS WAY?

15 SMITHS WAY is 114m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses by size in Saltash, and where 15 SMITHS WAY lies on this distribution: 62% of detached houses are smaller than 15 SMITHS WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Saltash.

15 SMITHS WAY: Plot and Title Map

15 SMITHS WAY sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 15 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 15 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 15 SMITHS WAY?

15 SMITHS WAY is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 15 on SMITHS WAY.