1, TRECARN CLOSE, LAUNCESTON, PL15 7LN - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 TRECARN CLOSE is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £317,254. It was last sold for £250,000 in November 2018, which was around 27% below the average November 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

1 TRECARN CLOSE Sold Prices

Land registry data shows three sales for 1 TRECARN 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 1 TRECARN 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
2018 7 NOV	£250,000	£344,543	27% below HPI
2011 27 JUL	£240,000	£272,094	12% below HPI
1995 29 AUG	£70,000	£70,760	1% below HPI

1 TRECARN 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 1 TRECARN CLOSE sales between August 1995 and November 2018 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 July 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2018 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 TRECARN CLOSE be worth now?

1 TRECARN CLOSE might now be worth an estimated £317,254.

This is based on house price inflation of 26.9%, between November 2018 and February 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 26.9% inflationary increase is applied to the most recent sale price for 1 TRECARN CLOSE of £250,000 on 7th November 2018. For the value to have increased from £250,000 to £317,254 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 TRECARN CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 TRECARN CLOSE has not materially changed since November 2018.

How Large is 1 TRECARN CLOSE?

1 TRECARN CLOSE is 97m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 30% 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 TRECARN CLOSE lies on this distribution: 28% of detached houses houses are smaller than 1 TRECARN CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Launceston.

1 TRECARN CLOSE: Plot and Title Map

1 TRECARN CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 1 TRECARN 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 1 TRECARN 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 1 TRECARN CLOSE?

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