STONEBANK, SHUTTA, LOOE, PL13 1LX - £450,000

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

STONEBANK is a midsized extended detached house of 125m², built sometime between 1983 and 1990. It was last sold for £450,000 in August 2022, which was around 2% above the average August 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

STONEBANK Sold Prices

Land registry data shows three sales for STONEBANK 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. One of the three STONEBANK sales was for above the average price, whilst two 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
2022 19 AUG	£450,000	£441,815	2% above HPI
2020 13 OCT	£300,000	£364,602	18% below HPI
2010 1 OCT	£121,500	£285,587	57% below HPI

STONEBANK 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 STONEBANK sales between October 2010 and August 2022 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 October 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is STONEBANK?

STONEBANK is 125m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 50% of detached houses in Looe, based on EPC data. The below chart shows the distribution of detached houses by size in Looe, and where STONEBANK lies on this distribution: 57% of detached houses are smaller than STONEBANK, and 42% of houses are larger. Note that EPC data is not available for all properties in Looe.

STONEBANK: Plot and Title Map

STONEBANK sits on a plot of roughly 0.343 of an acre, or 1,387m². The below map shows the location of STONEBANK, 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 STONEBANK). 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 STONEBANK?

STONEBANK is located in SHUTTA, in the PL13 postcode district. The below map shows the position of STONEBANK in SHUTTA.