2, MAYNA PARC, PETHERWIN GATE, LAUNCESTON, PL15 8PZ - £280,000

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

2 MAYNA PARC is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £277,555. It was last sold for £280,000 in June 2022, which was around 37% below the average June 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 MAYNA PARC Sold Prices

Land registry data shows three sales for 2 MAYNA PARC 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 MAYNA PARC 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
2022 17 JUN	£280,000	£441,083	37% below HPI
2003 21 OCT	£153,000	£224,257	32% below HPI
1995 12 DEC	£42,500	£71,995	41% below HPI

2 MAYNA PARC 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 MAYNA PARC sales between December 1995 and June 2022 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 October 2003 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 MAYNA PARC be worth now?

2 MAYNA PARC might now be worth an estimated £277,555.

This is based on house price deflation of 0.9%, between June 2022 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 0.9% deflationary decrease is applied to the most recent sale price for 2 MAYNA PARC of £280,000 on 17th June 2022. For the value to have decreased from £280,000 to £277,555 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of 2 MAYNA PARC has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAYNA PARC has not materially changed since June 2022.

How Large is 2 MAYNA PARC?

2 MAYNA PARC is 65m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 20% of detached houses houses in North Petherwin, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Petherwin, and where 2 MAYNA PARC lies on this distribution: 14% of detached houses houses are smaller than 2 MAYNA PARC, and 86% of houses are larger. Note that EPC data is not available for all properties in North Petherwin.

2 MAYNA PARC: Plot and Title Map

2 MAYNA PARC sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 MAYNA PARC, 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 MAYNA PARC). 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 MAYNA PARC?

2 MAYNA PARC is located in PETHERWIN GATE, in the PL15 postcode district. The below map shows the position of No. 2 on MAYNA PARC.