3, THE OLD SMITHY, FORE STREET, CORNWOOD, IVYBRIDGE, PL21 9PY - £220,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 THE OLD SMITHY is a very small semi-detached house of 88m². It was last sold for £220,000 in April 2018, which was around 50% below the average April 2018 detached price in the South Hams local authority area. The most recent EPC inspection was May 2011, where the current energy rating was B, and the potential energy rating was B.

3 THE OLD SMITHY Sold Prices

Land registry data shows two sales for 3 THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Both of the two 3 THE OLD SMITHY 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
2018 6 APR	£220,000	£439,586	50% below HPI
2011 3 JUN	£222,500	£377,665	41% below HPI

3 THE OLD SMITHY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The two 3 THE OLD SMITHY sales from June 2011 and April 2018 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 2011 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the April 2018 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 3 THE OLD SMITHY?

3 THE OLD SMITHY is 88m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Cornwood, based on EPC data. The below chart shows the distribution of detached houses by size in Cornwood, and where 3 THE OLD SMITHY lies on this distribution: 9% of detached houses are smaller than 3 THE OLD SMITHY, and 91% of houses are larger. Note that EPC data is not available for all properties in Cornwood.

3 THE OLD SMITHY: Plot and Title Map

3 THE OLD SMITHY sits on a plot of roughly 0.049 of an acre, or 196m². The below map shows the location of 3 THE OLD SMITHY, 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 THE OLD SMITHY). 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 THE OLD SMITHY?

3 THE OLD SMITHY is located on FORE STREET in CORNWOOD, in the PL21 postcode district. The below map shows the position of 3 THE OLD SMITHY on FORE STREET.