2, ROSEBANK, CHAPEL, LAUNCESTON, PL15 7EH - £435,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ROSEBANK is a very large extended detached house of 191m², built sometime between 2003 and 2006, which could now be worth an estimated £565,148. It was last sold for £435,000 in April 2019, which was around 29% above the average April 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

2 ROSEBANK Sold Prices

Land registry data shows three sales for 2 ROSEBANK 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. Two of the three 2 ROSEBANK sales were for above the average price, whilst one was 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
2019 12 APR	£435,000	£336,541	29% above HPI
2007 19 FEB	£375,000	£286,998	31% above HPI
1999 31 MAR	£30,000	£95,039	68% below HPI

2 ROSEBANK 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 ROSEBANK sales between March 1999 and April 2019 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 February 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the April 2019 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 ROSEBANK be worth now?

2 ROSEBANK might now be worth an estimated £565,148.

This is based on house price inflation of 29.9%, between April 2019 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 29.9% inflationary increase is applied to the most recent sale price for 2 ROSEBANK of £435,000 on 12th April 2019. For the value to have increased from £435,000 to £565,148 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 2 ROSEBANK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ROSEBANK has not materially changed since April 2019.

How Large is 2 ROSEBANK?

2 ROSEBANK is 191m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where 2 ROSEBANK lies on this distribution: 89% of detached houses houses are smaller than 2 ROSEBANK, and 10% of houses are larger. Note that EPC data is not available for all properties in Launceston.

2 ROSEBANK: Plot and Title Map

2 ROSEBANK sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 2 ROSEBANK, 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 ROSEBANK). 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 ROSEBANK?

2 ROSEBANK is located in CHAPEL, in the PL15 postcode district. The below map shows the position of 2 ROSEBANK in CHAPEL.