4, PROSPECT LANE, LOWER BURRATON, SALTASH, PL12 4JN - £217,000

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

4 PROSPECT LANE is a small extended detached house of 92m², built sometime between 1983 and 1990. It was last sold for £217,000 in January 2014, which was around 22% below the average January 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

4 PROSPECT LANE Sold Prices

Land registry data shows three sales for 4 PROSPECT LANE 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 4 PROSPECT LANE 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
2014 31 JAN	£217,000	£276,524	22% below HPI
2002 30 AUG	£145,000	£171,027	15% below HPI
2001 31 AUG	£108,000	£131,972	18% below HPI

4 PROSPECT LANE 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 4 PROSPECT LANE sales between August 2001 and January 2014 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 August 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2014 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 4 PROSPECT LANE?

4 PROSPECT LANE is 92m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 40% of detached houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses by size in Saltash, and where 4 PROSPECT LANE lies on this distribution: 33% of detached houses are smaller than 4 PROSPECT LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Saltash.

4 PROSPECT LANE: Plot and Title Map

4 PROSPECT LANE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 4 PROSPECT LANE, 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 4 PROSPECT LANE). 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 4 PROSPECT LANE?

4 PROSPECT LANE is located in LOWER BURRATON, in the PL12 postcode district. The below map shows the position of No. 4 on PROSPECT LANE.