2, NORMAN COTTAGES, PLESTIN CLOSE, LAUNCESTON, PL15 8XJ - £185,000

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 NORMAN COTTAGES is a small extended detached house of 92m², built sometime between 1991 and 1995. It was last sold for £185,000 in December 2020, which was around 51% below the average December 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

2 NORMAN COTTAGES Sold Prices

Land registry data shows three sales for 2 NORMAN COTTAGES 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 NORMAN COTTAGES 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
2020 11 DEC	£185,000	£379,621	51% below HPI
2017 16 NOV	£175,000	£323,772	46% below HPI
1995 30 NOV	£45,000	£71,243	37% below HPI

2 NORMAN COTTAGES 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 NORMAN COTTAGES sales between November 1995 and December 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 November 2017 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the December 2020 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 2 NORMAN COTTAGES?

2 NORMAN COTTAGES is 92m², which includes one extension, according to the EPC inspection conducted in March 2015. 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 2 NORMAN COTTAGES lies on this distribution: 21% of detached houses are smaller than 2 NORMAN COTTAGES, and 78% of houses are larger. Note that EPC data is not available for all properties in Launceston.

2 NORMAN COTTAGES: Plot and Title Map

2 NORMAN COTTAGES sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 2 NORMAN COTTAGES, 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 NORMAN COTTAGES). 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 NORMAN COTTAGES?

2 NORMAN COTTAGES is located on PLESTIN CLOSE in LAUNCESTON, in the PL15 postcode district. The below map shows the position of 2 NORMAN COTTAGES on PLESTIN CLOSE.