THE CHASE, SHUTTA, LOOE, PL13 1LT - £490,000

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

THE CHASE is a small extended detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £495,426. It was last sold for £490,000 in May 2022, which was around 12% above the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

THE CHASE Sold Prices

Land registry data shows three sales for THE CHASE 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 THE CHASE 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
2022 10 MAY	£490,000	£439,140	12% above HPI
2013 7 FEB	£280,000	£271,117	3% above HPI
2000 4 FEB	£127,500	£106,265	20% above HPI

THE CHASE 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 THE CHASE sales between February 2000 and May 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 February 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might THE CHASE be worth now?

THE CHASE might now be worth an estimated £495,426.

This is based on house price inflation of 1.1%, between May 2022 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 1.1% inflationary increase is applied to the most recent sale price for THE CHASE of £490,000 on 10th May 2022. For the value to have increased from £490,000 to £495,426 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of THE CHASE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2022 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of THE CHASE has not materially changed since May 2022.

How Large is THE CHASE?

THE CHASE is 86m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 30% of detached houses houses in Looe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Looe, and where THE CHASE lies on this distribution: 24% of detached houses houses are smaller than THE CHASE, and 76% of houses are larger. Note that EPC data is not available for all properties in Looe.

THE CHASE: Plot and Title Map

THE CHASE sits on a plot of roughly 0.256 of an acre, or 1,034m². The below map shows the location of THE CHASE, 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 THE CHASE). 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 THE CHASE?

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