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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRINGFIELD is a large extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £384,434. It was last sold for £245,000 in February 2014, which was around 13% 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	£282,963	13% below HPI
2006 28 JUN	£285,000	£273,187	4% above HPI
2002 28 AUG	£180,000	£173,722	4% above HPI
1999 30 JUL	£87,000	£97,957	11% 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 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2014 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £384,434.

This is based on house price inflation of 56.9%, between February 2014 and December 2024, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 56.9% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £245,000 on 3rd February 2014. For the value to have increased from £245,000 to £384,434 over the nine years and two months to December 2024, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2014 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since February 2014.

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 houses in Porthtowan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porthtowan, and where SPRINGFIELD lies on this distribution: 71% of detached houses 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.