2, CHAPEL DRIVE, LAUNCESTON, PL15 7FR - £400,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHAPEL DRIVE is a very large detached house of 188m². It was last sold for £400,000 in July 2020, which was around 16% above the average July 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

2 CHAPEL DRIVE Sold Prices

Land registry data shows two sales for 2 CHAPEL DRIVE 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 2 CHAPEL DRIVE sales were for above 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
2020 16 JUL	£400,000	£346,306	16% above HPI
2017 4 AUG	£360,000	£316,709	14% above HPI

2 CHAPEL DRIVE 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 2 CHAPEL DRIVE sales from August 2017 and July 2020 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 2017 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2020 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 2 CHAPEL DRIVE?

2 CHAPEL DRIVE is 188m² according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where 2 CHAPEL DRIVE lies on this distribution: 88% of detached houses are smaller than 2 CHAPEL DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Launceston.

2 CHAPEL DRIVE: Plot and Title Map

2 CHAPEL DRIVE sits on a plot of roughly 0.176 of an acre, or 711m². The below map shows the location of 2 CHAPEL DRIVE, 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 2 CHAPEL DRIVE). 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 2 CHAPEL DRIVE?

2 CHAPEL DRIVE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 2 on CHAPEL DRIVE.