ELMBANK COTTAGE, SHUTTA ROAD, LOOE, PL13 1HW - £178,000

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

ELMBANK COTTAGE is a very small extended detached house of 62m², built sometime between 1900 and 1929. It was last sold for £178,000 in May 2022, which was around 59% below the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was B.

ELMBANK COTTAGE Sold Prices

Land registry data shows three sales for ELMBANK COTTAGE 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 ELMBANK COTTAGE 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
2022 30 MAY	£178,000	£432,329	59% below HPI
1999 26 NOV	£59,950	£101,894	41% below HPI
1997 12 SEP	£49,000	£83,854	42% below HPI

ELMBANK COTTAGE 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 ELMBANK COTTAGE sales between September 1997 and May 2022 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 November 1999 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the May 2022 sale, where it falls to 59% below the HPI. The line then continues to track at 59% below the HPI.

How Large is ELMBANK COTTAGE?

ELMBANK COTTAGE is 62m², which includes two extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 10% of detached houses in Looe, based on EPC data. The below chart shows the distribution of detached houses by size in Looe, and where ELMBANK COTTAGE lies on this distribution: 4% of detached houses are smaller than ELMBANK COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Looe.

ELMBANK COTTAGE: Plot and Title Map

ELMBANK COTTAGE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of ELMBANK COTTAGE, 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 ELMBANK COTTAGE). 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 ELMBANK COTTAGE?

ELMBANK COTTAGE is located on SHUTTA ROAD in LOOE, in the PL13 postcode district. The below map shows the position of ELMBANK COTTAGE on SHUTTA ROAD.