14, PENWORTH CLOSE, LAUNCESTON, PL15 9TG - £198,000

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

14 PENWORTH CLOSE is a midsized extended detached house of 118m², built sometime between 2003 and 2006, which could now be worth an estimated £327,884. It was last sold for £198,000 in April 2006, which was around 26% below the average April 2006 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

14 PENWORTH CLOSE Sold Prices

Land registry data shows two sales for 14 PENWORTH CLOSE 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 14 PENWORTH 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
2006 26 APR	£198,000	£268,121	26% below HPI
2003 25 JUL	£155,000	£217,682	29% below HPI

14 PENWORTH 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 two 14 PENWORTH CLOSE sales from July 2003 and April 2006 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 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2006 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 14 PENWORTH CLOSE be worth now?

14 PENWORTH CLOSE might now be worth an estimated £327,884.

This is based on house price inflation of 65.6%, between April 2006 and December 2024, 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 65.6% inflationary increase is applied to the most recent sale price for 14 PENWORTH CLOSE of £198,000 on 26th April 2006. For the value to have increased from £198,000 to £327,884 over the seventeen years and four months to December 2024, the following assumptions must hold true:

• The value of 14 PENWORTH CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2006 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 14 PENWORTH CLOSE has not materially changed since April 2006.

How Large is 14 PENWORTH CLOSE?

14 PENWORTH CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in July 2012. This puts it in the largest 50% 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 14 PENWORTH CLOSE lies on this distribution: 51% of detached houses houses are smaller than 14 PENWORTH CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Launceston.

14 PENWORTH CLOSE: Plot and Title Map

14 PENWORTH CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 14 PENWORTH 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 14 PENWORTH 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 14 PENWORTH CLOSE?

14 PENWORTH CLOSE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 14 on PENWORTH CLOSE.