LAMORNA, ONSLOW ROAD, SALCOMBE, TQ8 8AH - £290,000

LAMORNA is a very small detached house of 66m², built sometime between 1930 and 1949. It was last sold for £290,000 in March 2016, which was around 35% below the average March 2016 detached price in the South Hams local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

LAMORNA Sold Prices

Land registry data shows four sales for LAMORNA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. All of the four LAMORNA sales 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
2016 23 MAR	£290,000	£446,352	35% below HPI
2011 1 SEP	£290,000	£374,649	23% below HPI
2007 6 JUN	£285,000	£377,299	24% below HPI
1998 4 SEP	£63,000	£126,295	50% below HPI

LAMORNA Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The four LAMORNA sales between September 1998 and March 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 September 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is LAMORNA?

LAMORNA is 66m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Salcombe, based on EPC data. The below chart shows the distribution of detached houses by size in Salcombe, and where LAMORNA lies on this distribution: 2% of detached houses are smaller than LAMORNA, and 98% of houses are larger. Note that EPC data is not available for all properties in Salcombe.

LAMORNA: Plot and Title Map

LAMORNA sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of LAMORNA, 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 LAMORNA). 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 LAMORNA?

LAMORNA is located on ONSLOW ROAD in SALCOMBE, in the TQ8 postcode district. The below map shows the position of LAMORNA on ONSLOW ROAD.