LESQUITE, RESTORMEL ROAD, LOSTWITHIEL, PL22 0EE - £385,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LESQUITE is a very small detached house of 82m², built sometime between 1976 and 1982. It was last sold for £385,000 in August 2022, which was around 13% below the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

LESQUITE Sold Prices

Land registry data shows two sales for LESQUITE 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 LESQUITE 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 12 AUG	£385,000	£441,815	13% below HPI
2021 5 MAR	£300,000	£375,921	20% below HPI

LESQUITE 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 LESQUITE sales from March 2021 and August 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 March 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is LESQUITE?

LESQUITE is 82m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in Lostwithiel, based on EPC data. The below chart shows the distribution of detached houses by size in Lostwithiel, and where LESQUITE lies on this distribution: 12% of detached houses are smaller than LESQUITE, and 88% of houses are larger. Note that EPC data is not available for all properties in Lostwithiel.

LESQUITE: Plot and Title Map

LESQUITE sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of LESQUITE, 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 LESQUITE). 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 LESQUITE?

LESQUITE is located on RESTORMEL ROAD in LOSTWITHIEL, in the PL22 postcode district. The below map shows the position of LESQUITE on RESTORMEL ROAD.