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

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

SALVAY is a very small detached house of 39m², built sometime between 2003 and 2006. It was last sold for £245,000 in November 2022, which was around 47% 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	£461,377	47% below HPI
2003 7 MAY	£175,000	£205,598	15% below HPI
1998 30 OCT	£46,000	£91,148	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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2022 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

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 in Porthleven, based on EPC data. The below chart shows the distribution of detached houses by size in Porthleven, and where SALVAY lies on this distribution: 1% of detached 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 0.040 of an acre, or 163m². 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.