PARK LATCH, FORE STREET, GRAMPOUND, TRURO, TR2 4QX - £540,000

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

PARK LATCH is a large extended detached house of 140m², built sometime before 1900. It was last sold for £540,000 in August 2023, which was around 22% above the average August 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was B.

PARK LATCH Sold Prices

Land registry data shows six sales for PARK LATCH since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. The six PARK LATCH sales were a mix of above the average price, roughly equal to the average price, and 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
2023 2 AUG	£540,000	£443,993	22% above HPI
2021 14 MAY	£490,000	£375,609	30% above HPI
2013 7 JUN	£310,000	£272,671	14% above HPI
2008 17 OCT	£280,000	£280,304	Close to HPI
2004 28 SEP	£235,000	£257,040	9% below HPI
2004 25 MAR	£248,500	£231,214	7% above HPI

PARK LATCH 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 six PARK LATCH sales between March 2004 and August 2023 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 May 2021 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2023 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is PARK LATCH?

PARK LATCH is 140m², which includes three extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 40% of detached houses in Grampound, based on EPC data. The below chart shows the distribution of detached houses by size in Grampound, and where PARK LATCH lies on this distribution: 63% of detached houses are smaller than PARK LATCH, and 37% of houses are larger. Note that EPC data is not available for all properties in Grampound.

PARK LATCH: Plot and Title Map

PARK LATCH sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of PARK LATCH, 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 PARK LATCH). 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 PARK LATCH?

PARK LATCH is located on FORE STREET in GRAMPOUND, in the TR2 postcode district. The below map shows the position of PARK LATCH on FORE STREET.