2, THE OAKS, LEWANNICK, LAUNCESTON, PL15 7FN - £293,500

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 THE OAKS is a very large detached house of 143m². It was last sold for £293,500 in October 2017, which was around 10% below the average October 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was B.

2 THE OAKS Sold Prices

Land registry data shows two sales for 2 THE OAKS 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. One of the two 2 THE OAKS sales was for below the average price, whilst the other was roughly equal to 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
2017 19 OCT	£293,500	£324,548	10% below HPI
1998 13 FEB	£86,000	£85,995	Close to HPI

2 THE OAKS 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 THE OAKS sales from February 1998 and October 2017 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 1998 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2017 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 THE OAKS?

2 THE OAKS is 143m² according to the EPC inspection conducted in August 2017. This puts it in the largest 10% of detached houses in Lewannick, based on EPC data. The below chart shows the distribution of detached houses by size in Lewannick, and where 2 THE OAKS lies on this distribution: 93% of detached houses are smaller than 2 THE OAKS, and 7% of houses are larger. Note that EPC data is not available for all properties in Lewannick.

2 THE OAKS: Plot and Title Map

2 THE OAKS sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 2 THE OAKS, 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 THE OAKS). 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 THE OAKS?

2 THE OAKS is located in LEWANNICK, in the PL15 postcode district. The below map shows the position of No. 2 on THE OAKS.