HORSESHOE, MILLENDREATH, LOOE, PL13 1NY - £327,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HORSESHOE is a very small extended detached house of 71m², built sometime before 1900, which could now be worth an estimated £384,743. It was last sold for £327,000 in November 2020, which was around 13% below the average November 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2017, where the current energy rating was G, and the potential energy rating was D.

HORSESHOE Sold Prices

Land registry data shows two sales for HORSESHOE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two HORSESHOE 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
2020 13 NOV	£327,000	£377,366	13% below HPI
2018 24 AUG	£285,000	£337,121	15% below HPI

HORSESHOE 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 two HORSESHOE sales from August 2018 and November 2020 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 2018 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might HORSESHOE be worth now?

HORSESHOE might now be worth an estimated £384,743.

This is based on house price inflation of 17.7%, between November 2020 and December 2024, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.7% inflationary increase is applied to the most recent sale price for HORSESHOE of £327,000 on 13th November 2020. For the value to have increased from £327,000 to £384,743 over the three years and eleven months to December 2024, the following assumptions must hold true:

• The value of HORSESHOE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2020 sale price of £327,000 represented a fair market value for the property.
• The size, condition, and specification of HORSESHOE has not materially changed since November 2020.

How Large is HORSESHOE?

HORSESHOE is 71m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses houses in Looe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Looe, and where HORSESHOE lies on this distribution: 9% of detached houses houses are smaller than HORSESHOE, and 91% of houses are larger. Note that EPC data is not available for all properties in Looe.

HORSESHOE: Plot and Title Map

HORSESHOE sits on a plot of roughly 0.485 of an acre, or 1,963m². The below map shows the location of HORSESHOE, 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 HORSESHOE). 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 HORSESHOE?

HORSESHOE is located in MILLENDREATH, in the PL13 postcode district. The below map shows the position of HORSESHOE in MILLENDREATH.