THE OLD SMITHY, LOWER QUARTERS, LUDGVAN, PENZANCE, TR20 8EH - £93,500

THE OLD SMITHY is a very small detached house of 63m², built sometime between 1983 and 1990. It was last sold for £93,500 in December 2009, which was around 65% below the average December 2009 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2010, where the current energy rating was F, and the potential energy rating was F.

THE OLD SMITHY Sold Prices

Land registry data shows three sales for THE OLD SMITHY 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 THE OLD SMITHY 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
2009 11 DEC	£93,500	£266,202	65% below HPI
1998 11 DEC	£40,000	£90,728	56% below HPI
1997 29 SEP	£34,500	£83,854	59% below HPI

THE OLD SMITHY 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 THE OLD SMITHY sales between September 1997 and December 2009 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 1998 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the December 2009 sale, where it falls to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is THE OLD SMITHY?

THE OLD SMITHY is 63m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses in Crowlas, based on EPC data. The below chart shows the distribution of detached houses by size in Crowlas, and where THE OLD SMITHY lies on this distribution: Less than 1% of detached houses are smaller than THE OLD SMITHY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Crowlas.

THE OLD SMITHY: Plot and Title Map

THE OLD SMITHY sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of THE OLD SMITHY, 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 THE OLD SMITHY). 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 THE OLD SMITHY?

THE OLD SMITHY is located on LOWER QUARTERS in LUDGVAN, in the TR20 postcode district. The below map shows the position of THE OLD SMITHY on LOWER QUARTERS.