2, SMITHS WAY, LATCHBROOK, SALTASH, PL12 4TP - £390,000

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

2 SMITHS WAY is a very large extended detached house of 142m², built sometime between 1976 and 1982. It was last sold for £390,000 in October 2022, which was around 15% below the average October 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

2 SMITHS WAY Sold Prices

Land registry data shows four sales for 2 SMITHS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. two of the four 2 SMITHS WAY sales were for below the average price, and four 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
2022 31 OCT	£390,000	£456,640	15% below HPI
2008 12 DEC	£250,000	£260,474	4% below HPI
2002 22 MAY	£172,000	£154,610	11% above HPI
1995 9 JUN	£78,000	£70,749	10% above HPI

2 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 four 2 SMITHS WAY sales between June 1995 and October 2022 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 2008 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 SMITHS WAY?

2 SMITHS WAY is 142m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses by size in Saltash, and where 2 SMITHS WAY lies on this distribution: 81% of detached houses are smaller than 2 SMITHS WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Saltash.

2 SMITHS WAY: Plot and Title Map

2 SMITHS WAY sits on a plot of roughly 10.9 acres, or 44,113m². The below map shows the location of 2 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 2 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 2 SMITHS WAY?

2 SMITHS WAY is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 2 on SMITHS WAY.