2, FOUNDRY GARDENS, LAUNCESTON, PL15 8PA - £198,000

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 FOUNDRY GARDENS is a small extended detached house of 103m², built sometime between 1996 and 2002. It was last sold for £198,000 in September 2016, which was around 35% below the average September 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

2 FOUNDRY GARDENS Sold Prices

Land registry data shows three sales for 2 FOUNDRY GARDENS 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 2 FOUNDRY GARDENS 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
2016 1 SEP	£198,000	£302,629	35% below HPI
2007 5 JAN	£192,500	£282,511	32% below HPI
2002 8 JUL	£129,500	£165,264	22% below HPI

2 FOUNDRY GARDENS 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 2 FOUNDRY GARDENS sales between July 2002 and September 2016 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 January 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 FOUNDRY GARDENS?

2 FOUNDRY GARDENS is 103m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 40% 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 FOUNDRY GARDENS lies on this distribution: 34% of detached houses are smaller than 2 FOUNDRY GARDENS, and 65% of houses are larger. Note that EPC data is not available for all properties in Launceston.

2 FOUNDRY GARDENS: Plot and Title Map

2 FOUNDRY GARDENS sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 2 FOUNDRY GARDENS, 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 FOUNDRY GARDENS). 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 FOUNDRY GARDENS?

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