WESSEX, CHURCH LANE, CARGREEN, SALTASH, PL12 6NS - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

WESSEX is a small detached house of 112m², built sometime between 1967 and 1975, which could now be worth an estimated £437,650. It was last sold for £310,000 in October 2016, which was about the average October 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

WESSEX Sold Prices

Land registry data shows three sales for WESSEX 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. The three WESSEX sales were a mix of roughly equal to the average price, and 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
2016 28 OCT	£310,000	£309,703	Close to HPI
2012 16 OCT	£250,000	£269,884	7% below HPI
2006 6 JUN	£260,000	£273,187	5% below HPI

WESSEX 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 WESSEX sales between June 2006 and October 2016 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2016 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might WESSEX be worth now?

WESSEX might now be worth an estimated £437,650.

This is based on house price inflation of 41.2%, between October 2016 and February 2025, 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 41.2% inflationary increase is applied to the most recent sale price for WESSEX of £310,000 on 28th October 2016. For the value to have increased from £310,000 to £437,650 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of WESSEX has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2016 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of WESSEX has not materially changed since October 2016.

How Large is WESSEX?

WESSEX is 112m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses houses in Cargreen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cargreen, and where WESSEX lies on this distribution: 22% of detached houses houses are smaller than WESSEX, and 78% of houses are larger. Note that EPC data is not available for all properties in Cargreen.

WESSEX: Plot and Title Map

WESSEX sits on a plot of roughly 0.219 of an acre, or 886m². The below map shows the location of WESSEX, 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 WESSEX). 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 WESSEX?

WESSEX is located on CHURCH LANE in CARGREEN, in the PL12 postcode district. The below map shows the position of WESSEX on CHURCH LANE.