1, CORNER PARK, FIVE LANES, LAUNCESTON, PL15 7RX - £165,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CORNER PARK is a small extended detached house of 96m², built sometime between 1996 and 2002. It was last sold for £165,000 in March 2003, which was around 17% below the average March 2003 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.

1 CORNER PARK Sold Prices

Land registry data shows two sales for 1 CORNER PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 1 CORNER PARK 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
2003 26 MAR	£165,000	£198,922	17% below HPI
1999 27 AUG	£85,000	£98,105	13% below HPI

1 CORNER PARK 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 two 1 CORNER PARK sales from August 1999 and March 2003 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 August 1999 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2003 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 CORNER PARK?

1 CORNER PARK is 96m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses in Fivelanes, based on EPC data. The below chart shows the distribution of detached houses by size in Fivelanes, and where 1 CORNER PARK lies on this distribution: 33% of detached houses are smaller than 1 CORNER PARK, and 67% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

1 CORNER PARK: Plot and Title Map

1 CORNER PARK sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 1 CORNER PARK, 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 CORNER PARK). 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 CORNER PARK?

1 CORNER PARK is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 1 on CORNER PARK.