1, CHURCH LEA, LAUNCESTON, PL15 8QZ - £307,750

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.

1 CHURCH LEA is a large extended detached house of 129m², built sometime between 1996 and 2002, which could now be worth an estimated £393,481. It was last sold for £307,750 in August 2019, which was around 11% below the average August 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

1 CHURCH LEA Sold Prices

Land registry data shows four sales for 1 CHURCH LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. two of the four 1 CHURCH LEA sales were for below the average price, and four 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
2019 7 AUG	£307,750	£345,037	11% below HPI
2010 21 DEC	£228,500	£285,625	20% below HPI
1998 14 JUL	£119,950	£91,545	31% above HPI
1995 30 JUN	£82,125	£71,863	14% above HPI

1 CHURCH LEA 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 four 1 CHURCH LEA sales between June 1995 and August 2019 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 2010 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 1 CHURCH LEA be worth now?

1 CHURCH LEA might now be worth an estimated £393,481.

This is based on house price inflation of 27.9%, between August 2019 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 27.9% inflationary increase is applied to the most recent sale price for 1 CHURCH LEA of £307,750 on 7th August 2019. For the value to have increased from £307,750 to £393,481 over the six years and five months to March 2025, the following assumptions must hold true:

• The value of 1 CHURCH LEA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2019 sale price of £307,750 represented a fair market value for the property.
• The size, condition, and specification of 1 CHURCH LEA has not materially changed since August 2019.

How Large is 1 CHURCH LEA?

1 CHURCH LEA is 129m², which includes two extensions, according to the EPC inspection conducted in April 2018. This puts it in the largest 40% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where 1 CHURCH LEA lies on this distribution: 62% of detached houses houses are smaller than 1 CHURCH LEA, and 37% of houses are larger. Note that EPC data is not available for all properties in Launceston.

1 CHURCH LEA: Plot and Title Map

1 CHURCH LEA sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 1 CHURCH LEA, 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 1 CHURCH LEA). 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 1 CHURCH LEA?

1 CHURCH LEA is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 1 on CHURCH LEA.