5, THE SPEARES, LATCHBROOK, SALTASH, PL12 4UQ - £157,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

5 THE SPEARES is a very small detached house of 59m², built sometime between 1991 and 1995. It was last sold for £157,000 in July 2007, which was around 46% below the average July 2007 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

5 THE SPEARES Sold Prices

Land registry data shows four sales for 5 THE SPEARES 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 5 THE SPEARES 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
2007 13 JUL	£157,000	£290,664	46% below HPI
2004 27 AUG	£135,000	£252,056	46% below HPI
2004 9 JUN	£112,500	£240,998	53% below HPI
2000 14 APR	£58,000	£108,174	46% below HPI

5 THE SPEARES 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 5 THE SPEARES sales between April 2000 and July 2007 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 2004 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2007 sale, which was also at 46% below the HPI.

How Large is 5 THE SPEARES?

5 THE SPEARES is 59m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of detached houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses by size in Saltash, and where 5 THE SPEARES lies on this distribution: 1% of detached houses are smaller than 5 THE SPEARES, and 98% of houses are larger. Note that EPC data is not available for all properties in Saltash.

5 THE SPEARES: Plot and Title Map

5 THE SPEARES sits on a plot of roughly 12.9 acres, or 52,389m². The below map shows the location of 5 THE SPEARES, 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 5 THE SPEARES). 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 5 THE SPEARES?

5 THE SPEARES is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 5 on THE SPEARES.