15, RACE HILL, LAUNCESTON, PL15 9BB - £166,000

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.

15 RACE HILL is a small extended detached house of 99m², built sometime before 1900, which could now be worth an estimated £188,678. It was last sold for £166,000 in February 2021, which was around 57% below the average February 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was C.

15 RACE HILL Sold Prices

Land registry data shows three sales for 15 RACE HILL 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 15 RACE HILL 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
2021 17 FEB	£166,000	£384,678	57% below HPI
2020 3 DEC	£160,000	£385,602	59% below HPI
1996 12 DEC	£46,750	£76,596	39% below HPI

15 RACE HILL 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 15 RACE HILL sales between December 1996 and February 2021 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 2020 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the February 2021 sale, where it rises to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 15 RACE HILL be worth now?

15 RACE HILL might now be worth an estimated £188,678.

This is based on house price inflation of 13.7%, between February 2021 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 13.7% inflationary increase is applied to the most recent sale price for 15 RACE HILL of £166,000 on 17th February 2021. For the value to have increased from £166,000 to £188,678 over the four years to February 2025, the following assumptions must hold true:

• The value of 15 RACE HILL has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2021 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 15 RACE HILL has not materially changed since February 2021.

How Large is 15 RACE HILL?

15 RACE HILL is 99m², which includes two extensions, according to the EPC inspection conducted in July 2020. 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 15 RACE HILL lies on this distribution: 30% of detached houses houses are smaller than 15 RACE HILL, and 70% of houses are larger. Note that EPC data is not available for all properties in Launceston.

15 RACE HILL: Plot and Title Map

15 RACE HILL sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 15 RACE HILL, 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 15 RACE HILL). 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 15 RACE HILL?

15 RACE HILL is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 15 on RACE HILL.