SPRINGFIELD, FORTHVEAN ROAD, PORTHTOWAN, TRURO, TR4 8AY - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SPRINGFIELD is a large extended detached house of 129m², built sometime between 1967 and 1975. It was last sold for £245,000 in February 2014, which was around 12% below the average February 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2012, where the current energy rating was F, and the potential energy rating was C.

SPRINGFIELD Sold Prices

Land registry data shows four sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. two of the four SPRINGFIELD sales were for below the average price, and four 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
2014 3 FEB	£245,000	£278,574	12% below HPI
2006 28 JUN	£285,000	£268,950	6% above HPI
2002 28 AUG	£180,000	£171,027	5% above HPI
1999 30 JUL	£87,000	£96,437	10% below HPI

SPRINGFIELD 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 four SPRINGFIELD sales between July 1999 and February 2014 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 June 2006 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the February 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 129m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 30% of detached houses in Porthtowan, based on EPC data. The below chart shows the distribution of detached houses by size in Porthtowan, and where SPRINGFIELD lies on this distribution: 71% of detached houses are smaller than SPRINGFIELD, and 29% of houses are larger. Note that EPC data is not available for all properties in Porthtowan.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on FORTHVEAN ROAD in PORTHTOWAN, in the TR4 postcode district. The below map shows the position of SPRINGFIELD on FORTHVEAN ROAD.