2, SPRINGFIELD GATE, LOOE, PL13 1HF - £394,000

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

2 SPRINGFIELD GATE is a large detached house of 166m², built sometime between 1996 and 2002, which could now be worth an estimated £636,672. It was last sold for £394,000 in April 2011, which was around 43% above the average April 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

2 SPRINGFIELD GATE Sold Prices

Land registry data shows four sales for 2 SPRINGFIELD GATE 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. All of the four 2 SPRINGFIELD GATE 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
2011 12 APR	£394,000	£274,768	43% above HPI
2006 4 DEC	£382,750	£284,469	35% above HPI
2001 28 NOV	£240,000	£143,710	67% above HPI
1999 20 OCT	£163,500	£101,896	60% above HPI

2 SPRINGFIELD GATE 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 SPRINGFIELD GATE sales between October 1999 and April 2011 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 2006 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the April 2011 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 2 SPRINGFIELD GATE be worth now?

2 SPRINGFIELD GATE might now be worth an estimated £636,672.

This is based on house price inflation of 61.6%, between April 2011 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 61.6% inflationary increase is applied to the most recent sale price for 2 SPRINGFIELD GATE of £394,000 on 12th April 2011. For the value to have increased from £394,000 to £636,672 over the twelve years and four months to December 2024, the following assumptions must hold true:

• The value of 2 SPRINGFIELD GATE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2011 sale price of £394,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGFIELD GATE has not materially changed since April 2011.

How Large is 2 SPRINGFIELD GATE?

2 SPRINGFIELD GATE is 166m² according to the EPC inspection conducted in June 2010. This puts it in the largest 30% of detached houses houses in Looe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Looe, and where 2 SPRINGFIELD GATE lies on this distribution: 77% of detached houses houses are smaller than 2 SPRINGFIELD GATE, and 23% of houses are larger. Note that EPC data is not available for all properties in Looe.

2 SPRINGFIELD GATE: Plot and Title Map

2 SPRINGFIELD GATE sits on a plot of roughly 0.262 of an acre, or 1,062m². The below map shows the location of 2 SPRINGFIELD GATE, 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 SPRINGFIELD GATE). 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 SPRINGFIELD GATE?

2 SPRINGFIELD GATE is located in LOOE, in the PL13 postcode district. The below map shows the position of No. 2 on SPRINGFIELD GATE.