2, SMITHS WAY, LATCHBROOK, SALTASH, PL12 4TP - £390,000

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.

2 SMITHS WAY is a very large extended detached house of 142m², built sometime between 1976 and 1982, which could now be worth an estimated £350,634. It was last sold for £390,000 in October 2022, which was around 16% below the average October 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 B.

2 SMITHS WAY Sold Prices

Land registry data shows four sales for 2 SMITHS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. two of the four 2 SMITHS WAY sales were for below the average price, and four 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 31 OCT	£390,000	£463,835	16% below HPI
2008 12 DEC	£250,000	£264,578	6% below HPI
2002 22 MAY	£172,000	£157,046	10% above HPI
1995 9 JUN	£78,000	£71,863	9% above HPI

2 SMITHS WAY 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 four 2 SMITHS WAY sales between June 1995 and October 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 December 2008 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 SMITHS WAY be worth now?

2 SMITHS WAY might now be worth an estimated £350,634.

This is based on house price deflation of 10.1%, between October 2022 and June 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 10.1% deflationary decrease is applied to the most recent sale price for 2 SMITHS WAY of £390,000 on 31st October 2022. For the value to have decreased from £390,000 to £350,634 over the three years and four months to June 2025, the following assumptions must hold true:

• The value of 2 SMITHS WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SMITHS WAY has not materially changed since October 2022.

How Large is 2 SMITHS WAY?

2 SMITHS WAY is 142m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 20% of detached houses houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltash, and where 2 SMITHS WAY lies on this distribution: 81% of detached houses houses are smaller than 2 SMITHS WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Saltash.

2 SMITHS WAY: Plot and Title Map

2 SMITHS WAY sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 2 SMITHS WAY, 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 2 SMITHS WAY). 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 2 SMITHS WAY?

2 SMITHS WAY is located in LATCHBROOK, in the PL12 postcode district. The below map shows the position of No. 2 on SMITHS WAY.