18, PENWORTH CLOSE, LAUNCESTON, PL15 9TG - £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

18 PENWORTH CLOSE is a small extended detached house of 93m², built sometime between 2003 and 2006. It was last sold for £165,000 in September 2011, which was around 40% below the average September 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

18 PENWORTH CLOSE Sold Prices

Land registry data shows three sales for 18 PENWORTH 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 18 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
2011 30 SEP	£165,000	£274,568	40% below HPI
2006 21 DEC	£187,500	£280,057	33% below HPI
2004 23 JUN	£150,000	£240,998	38% below HPI

18 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 three 18 PENWORTH CLOSE sales between June 2004 and September 2011 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 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2011 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 18 PENWORTH CLOSE?

18 PENWORTH CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 30% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where 18 PENWORTH CLOSE lies on this distribution: 24% of detached houses are smaller than 18 PENWORTH CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Launceston.

18 PENWORTH CLOSE: Plot and Title Map

18 PENWORTH CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 18 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 18 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 18 PENWORTH CLOSE?

18 PENWORTH CLOSE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 18 on PENWORTH CLOSE.