SPRING BANK, SEATON PARK, SEATON, TORPOINT, PL11 3JF - £150,000

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

SPRING BANK is a very small detached house of 64m², built sometime between 1976 and 1982. It was last sold for £150,000 in May 2016, which was around 51% below the average May 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

SPRING BANK Sold Prices

Land registry data shows two sales for SPRING BANK 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. Both of the two SPRING BANK 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
2016 11 MAY	£150,000	£304,401	51% below HPI
2000 14 JAN	£89,000	£103,337	14% below HPI

SPRING BANK 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 SPRING BANK sales from January 2000 and May 2016 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 January 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2016 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is SPRING BANK?

SPRING BANK is 64m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 10% of detached houses in Seaton, based on EPC data. The below chart shows the distribution of detached houses by size in Seaton, and where SPRING BANK lies on this distribution: 4% of detached houses are smaller than SPRING BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in Seaton.

SPRING BANK: Plot and Title Map

SPRING BANK sits on a plot of roughly 0.287 of an acre, or 1,162m². The below map shows the location of SPRING BANK, 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 SPRING BANK). 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 SPRING BANK?

SPRING BANK is located on SEATON PARK in SEATON, in the PL11 postcode district. The below map shows the position of SPRING BANK on SEATON PARK.