3, THE ORCHARD, LOOE, PL13 1AF - £260,000

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 THE ORCHARD is a very small extended detached house of 76m², built sometime from 2007 onwards. It was last sold for £260,000 in November 2018, which was around 23% below the average November 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

3 THE ORCHARD Sold Prices

Land registry data shows three sales for 3 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 3 THE ORCHARD 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 2 NOV	£260,000	£339,199	23% below HPI
2013 25 MAR	£217,500	£266,636	18% below HPI
2009 27 NOV	£194,000	£263,996	27% below HPI

3 THE ORCHARD 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 three 3 THE ORCHARD sales between November 2009 and November 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 March 2013 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 3 THE ORCHARD?

3 THE ORCHARD is 76m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Looe, based on EPC data. The below chart shows the distribution of detached houses by size in Looe, and where 3 THE ORCHARD lies on this distribution: 13% of detached houses are smaller than 3 THE ORCHARD, and 87% of houses are larger. Note that EPC data is not available for all properties in Looe.

3 THE ORCHARD: Plot and Title Map

3 THE ORCHARD sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 3 THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

3 THE ORCHARD is located in LOOE, in the PL13 postcode district. The below map shows the position of No. 3 on THE ORCHARD.