SPRINGFIELD, RUAN MINOR, HELSTON, TR12 7JL - £235,000

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

SPRINGFIELD is a very small detached house of 62m², built sometime before 1900. It was last sold for £235,000 in February 2021, which was around 38% below the average February 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2018, where the current energy rating was F, and the potential energy rating was C.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three SPRINGFIELD 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
2021 25 FEB	£235,000	£378,711	38% below HPI
2016 19 MAY	£210,000	£304,401	31% below HPI
2010 25 NOV	£120,000	£284,887	58% 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 three SPRINGFIELD sales between November 2010 and February 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 May 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 62m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Ruan Minor, based on EPC data. The below chart shows the distribution of detached houses by size in Ruan Minor, and where SPRINGFIELD lies on this distribution: 3% of detached houses are smaller than SPRINGFIELD, and 97% of houses are larger. Note that EPC data is not available for all properties in Ruan Minor.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.055 of an acre, or 222m². 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 in RUAN MINOR, in the TR12 postcode district. The below map shows the position of SPRINGFIELD in RUAN MINOR.