SALVAY, PROSPECT PLACE, PORTHLEVEN, HELSTON, TR13 9DS - £245,000

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.

SALVAY is a very small detached house of 39m², built sometime between 2003 and 2006, which could now be worth an estimated £228,577. It was last sold for £245,000 in November 2022, which was around 48% below the average November 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was A.

SALVAY Sold Prices

Land registry data shows three sales for SALVAY 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 SALVAY 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 22 NOV	£245,000	£468,646	48% below HPI
2003 7 MAY	£175,000	£208,837	16% below HPI
1998 30 OCT	£46,000	£92,584	50% below HPI

SALVAY 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 SALVAY sales between October 1998 and November 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 May 2003 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2022 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might SALVAY be worth now?

SALVAY might now be worth an estimated £228,577.

This is based on house price deflation of 6.7%, between November 2022 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 6.7% deflationary decrease is applied to the most recent sale price for SALVAY of £245,000 on 22nd November 2022. For the value to have decreased from £245,000 to £228,577 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of SALVAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2022 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of SALVAY has not materially changed since November 2022.

How Large is SALVAY?

SALVAY is 39m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses houses in Porthleven, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porthleven, and where SALVAY lies on this distribution: 1% of detached houses houses are smaller than SALVAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Porthleven.

SALVAY: Plot and Title Map

SALVAY sits on a plot of roughly 0.022 of an acre, or 88m². The below map shows the location of SALVAY, 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 SALVAY). 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 SALVAY?

SALVAY is located on PROSPECT PLACE in PORTHLEVEN, in the TR13 postcode district. The below map shows the position of SALVAY on PROSPECT PLACE.