SOUTH LEAT HOUSE, ALBASTON, GUNNISLAKE, PL18 9EZ - £530,000

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.

SOUTH LEAT HOUSE is a very large extended detached house of 270m², built sometime between 1983 and 1990, which could now be worth an estimated £612,324. It was last sold for £530,000 in March 2021, which was around 39% above the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

SOUTH LEAT HOUSE Sold Prices

Land registry data shows three sales for SOUTH LEAT HOUSE 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 SOUTH LEAT HOUSE 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
2021 8 MAR	£530,000	£381,844	39% above HPI
2019 3 MAY	£545,000	£334,315	63% above HPI
2010 15 JAN	£415,000	£270,714	53% above HPI

SOUTH LEAT HOUSE 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 SOUTH LEAT HOUSE sales between January 2010 and March 2021 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 2019 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the March 2021 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might SOUTH LEAT HOUSE be worth now?

SOUTH LEAT HOUSE might now be worth an estimated £612,324.

This is based on house price inflation of 15.5%, between March 2021 and March 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 15.5% inflationary increase is applied to the most recent sale price for SOUTH LEAT HOUSE of £530,000 on 8th March 2021. For the value to have increased from £530,000 to £612,324 over the four years to March 2025, the following assumptions must hold true:

• The value of SOUTH LEAT HOUSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of SOUTH LEAT HOUSE has not materially changed since March 2021.

How Large is SOUTH LEAT HOUSE?

SOUTH LEAT HOUSE is 270m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses houses in Gunnislake, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunnislake, and where SOUTH LEAT HOUSE lies on this distribution: 98% of detached houses houses are smaller than SOUTH LEAT HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Gunnislake.

SOUTH LEAT HOUSE: Plot and Title Map

SOUTH LEAT HOUSE sits on a plot of roughly 2.1 acres, or 8,408m². The below map shows the location of SOUTH LEAT HOUSE, 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 SOUTH LEAT HOUSE). 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 SOUTH LEAT HOUSE?

SOUTH LEAT HOUSE is located in ALBASTON, in the PL18 postcode district. The below map shows the position of SOUTH LEAT HOUSE in ALBASTON.