3, SMITHS WAY, LATCHBROOK, SALTASH, PL12 4TP - £239,000

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

3 SMITHS WAY is a small extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £239,000 in October 2016, which was around 22% below the average October 2016 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 C.

3 SMITHS WAY Sold Prices

Land registry data shows four sales for 3 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. All of the four 3 SMITHS WAY sales were 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
2016 27 OCT	£239,000	£304,899	22% below HPI
2015 30 JAN	£200,000	£287,784	31% below HPI
2001 30 MAR	£94,500	£121,560	22% below HPI
1999 12 MAR	£78,500	£93,565	16% below HPI

3 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 3 SMITHS WAY sales between March 1999 and October 2016 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 January 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the October 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 3 SMITHS WAY?

3 SMITHS WAY is 88m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of detached houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses by size in Saltash, and where 3 SMITHS WAY lies on this distribution: 28% of detached houses are smaller than 3 SMITHS WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Saltash.

3 SMITHS WAY: Plot and Title Map

3 SMITHS WAY sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 3 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 3 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 3 SMITHS WAY?

3 SMITHS WAY is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 3 on SMITHS WAY.