LOWEN, CHURCH LANE, CARGREEN, SALTASH, PL12 6NS - £352,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LOWEN is a small extended detached house of 119m², built sometime between 1976 and 1982, which could now be worth an estimated £402,798. It was last sold for £352,500 in April 2021, which was around 8% below the average April 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

LOWEN Sold Prices

Land registry data shows three sales for LOWEN 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. One of the three LOWEN sales was for below the average price, whilst two were for above 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
2021 16 APR	£352,500	£382,633	8% below HPI
2002 28 AUG	£180,000	£173,722	4% above HPI
1995 3 NOV	£92,000	£72,366	27% above HPI

LOWEN 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 LOWEN sales between November 1995 and April 2021 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 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the April 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might LOWEN be worth now?

LOWEN might now be worth an estimated £402,798.

This is based on house price inflation of 14.3%, between April 2021 and February 2025, 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 14.3% inflationary increase is applied to the most recent sale price for LOWEN of £352,500 on 16th April 2021. For the value to have increased from £352,500 to £402,798 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of LOWEN has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2021 sale price of £352,500 represented a fair market value for the property.
• The size, condition, and specification of LOWEN has not materially changed since April 2021.

How Large is LOWEN?

LOWEN is 119m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses houses in Cargreen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cargreen, and where LOWEN lies on this distribution: 28% of detached houses houses are smaller than LOWEN, and 70% of houses are larger. Note that EPC data is not available for all properties in Cargreen.

LOWEN: Plot and Title Map

LOWEN sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of LOWEN, 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 LOWEN). 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 LOWEN?

LOWEN is located on CHURCH LANE in CARGREEN, in the PL12 postcode district. The below map shows the position of LOWEN on CHURCH LANE.