7, THORN CLOSE, FIVE LANES, LAUNCESTON, PL15 7QZ - £244,950

7 THORN CLOSE is a midsized detached house of 104m², built sometime between 1976 and 1982. It was last sold for £244,950 in February 2014, which was around 12% below the average February 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

7 THORN CLOSE Sold Prices

Land registry data shows three sales for 7 THORN CLOSE 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 7 THORN CLOSE 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
2014 13 FEB	£244,950	£278,574	12% below HPI
1998 29 JAN	£77,000	£86,449	11% below HPI
1996 6 DEC	£74,000	£75,408	2% below HPI

7 THORN CLOSE 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 7 THORN CLOSE sales between December 1996 and February 2014 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 January 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2014 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 7 THORN CLOSE?

7 THORN CLOSE is 104m² according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Fivelanes, based on EPC data. The below chart shows the distribution of detached houses by size in Fivelanes, and where 7 THORN CLOSE lies on this distribution: 47% of detached houses are smaller than 7 THORN CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

7 THORN CLOSE: Plot and Title Map

7 THORN CLOSE sits on a plot of roughly 0.164 of an acre, or 662m². The below map shows the location of 7 THORN CLOSE, 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 7 THORN CLOSE). 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 7 THORN CLOSE?

7 THORN CLOSE is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 7 on THORN CLOSE.