SPRINGBANK, CHURCH STREET, LANDRAKE, SALTASH, PL12 5ER - £410,000

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

SPRINGBANK is a large extended detached house of 144m², built sometime between 1900 and 1929. It was last sold for £410,000 in May 2016, which was around 35% above the average May 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

SPRINGBANK Sold Prices

Land registry data shows two sales for SPRINGBANK 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 SPRINGBANK sales were for above 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 27 MAY	£410,000	£304,401	35% above HPI
2010 8 JAN	£295,000	£266,515	11% above HPI

SPRINGBANK 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 SPRINGBANK sales from January 2010 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 2010 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2016 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 144m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses in Landrake, based on EPC data. The below chart shows the distribution of detached houses by size in Landrake, and where SPRINGBANK lies on this distribution: 67% of detached houses are smaller than SPRINGBANK, and 30% of houses are larger. Note that EPC data is not available for all properties in Landrake.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.479 of an acre, or 1,939m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located on CHURCH STREET in LANDRAKE, in the PL12 postcode district. The below map shows the position of SPRINGBANK on CHURCH STREET.