According to the public record, 2, Springfield Road, Looe is a modern freehold house and with 957 ft2 of internal area and sits on a 346 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springfield Road, Looe, PL13 is located within the PL13 postal district.
2, Springfield Road, Looe has 71 entries in the Land Registry database, most recently in July 2022 and 2 entries in the EPC database, most recently in August 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Springfield Road Looe as £325,962 and the rental value as £1,222 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2 Springfield Road Looe has increased by £14,910 (4.6%) and its rental value has increased by £44 per month (3.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Springfield Road, Looe is in very good condition we estimate a sale value of £342,260 and rental value of £1,283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,145 and a rental value of £1,136 per month.
If you were able to purchase this property for the estimated value of £325,962, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,602 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 2, Springfield Road, Looe sits on a plot of 346m2.
We have plot size data on 11 out of 22 other houses in the postcode and 2, Springfield Road, Looe sits on the 4th largest plot.
According to HM Land Registry, 2, Springfield Road, Looe was last sold on 18 Jul 2022 for £380,000 and was recorded as a freehold house.
The property has had 7 sales since 1995.
Since Jul 2022, the market for similar properties has dropped 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Springfield Road, Looe within a radius of 97m over the last 2 years.
The most recent example is 58, Bodrigan Road, Looe, PL13 1EQ, a Freehold house which sold for £355,000 in Oct 2022.
Read more about house prices in PL13.
Springfield Road, Looe, PL13 has a total of 22 addresses. According to our analysis of all the public data, 2, Springfield Road, Looe is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in PL13.
2, Springfield Road, Looe has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Aug 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Springfield Road, Looe is Looe station which is 500 m away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Springfield Road, Looe, 47.1% of property is socially rented and 29.4% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Springfield Road, Looe, 15.1% of residents are recorded as possessing school level qualifications and 22.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Springfield Road, Looe, the average age was 49.5 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Springfield Road, Looe, 1.3% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Springfield Road, Looe, there are an average of 0.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.