SPINARK, CARWINION ROAD, MAWNAN SMITH, FALMOUTH, TR11 5JD - £640,000

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

SPINARK is a small extended detached house of 113m², built sometime between 1976 and 1982. It was last sold for £640,000 in December 2021, which was around 56% above the average December 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

SPINARK Sold Prices

Land registry data shows two sales for SPINARK 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. One of the two SPINARK sales was for above the average price, whilst the other was 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
2021 15 DEC	£640,000	£409,308	56% above HPI
2015 13 OCT	£302,500	£305,354	1% below HPI

SPINARK 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 SPINARK sales from October 2015 and December 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 October 2015 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2021 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is SPINARK?

SPINARK is 113m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses in Mawnan Smith, based on EPC data. The below chart shows the distribution of detached houses by size in Mawnan Smith, and where SPINARK lies on this distribution: 35% of detached houses are smaller than SPINARK, and 65% of houses are larger. Note that EPC data is not available for all properties in Mawnan Smith.

SPINARK: Plot and Title Map

SPINARK sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of SPINARK, 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 SPINARK). 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 SPINARK?

SPINARK is located on CARWINION ROAD in MAWNAN SMITH, in the TR11 postcode district. The below map shows the position of SPINARK on CARWINION ROAD.