18, LOWERTOWN CLOSE, LANDRAKE, SALTASH, PL12 5DG - £215,000

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.

18 LOWERTOWN CLOSE is a very small terraced house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £210,626. It was last sold for £215,000 in December 2023, which was around 8% below the average December 2023 terraced price in the Cornwall local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was A.

18 LOWERTOWN CLOSE Sold Prices

Land registry data shows three sales for 18 LOWERTOWN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. The three 18 LOWERTOWN CLOSE sales were a mix of below the average price, roughly equal to the average price, and 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
2023 20 DEC	£215,000	£233,821	8% below HPI
2003 22 MAY	£119,950	£104,342	15% above HPI
1999 26 MAR	£47,000	£46,886	Close to HPI

18 LOWERTOWN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three 18 LOWERTOWN CLOSE sales between March 1999 and December 2023 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 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the December 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 18 LOWERTOWN CLOSE be worth now?

18 LOWERTOWN CLOSE might now be worth an estimated £210,626.

This is based on house price deflation of 2%, between December 2023 and April 2026, for terraced 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 2% deflationary decrease is applied to the most recent sale price for 18 LOWERTOWN CLOSE of £215,000 on 20th December 2023. For the value to have decreased from £215,000 to £210,626 over the three years and eight months to April 2026, the following assumptions must hold true:

• The value of 18 LOWERTOWN CLOSE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The December 2023 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LOWERTOWN CLOSE has not materially changed since December 2023.

How Large is 18 LOWERTOWN CLOSE?

18 LOWERTOWN CLOSE is 74m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 10% of terraced houses houses in Landrake, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Landrake, and where 18 LOWERTOWN CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 18 LOWERTOWN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Landrake.

18 LOWERTOWN CLOSE: Plot and Title Map

18 LOWERTOWN CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 18 LOWERTOWN CLOSE, 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 18 LOWERTOWN CLOSE). 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 18 LOWERTOWN CLOSE?

18 LOWERTOWN CLOSE is located in LANDRAKE, in the PL12 postcode district. The below map shows the position of No. 18 on LOWERTOWN CLOSE.