3, CHAPEL CLOSE, LAUNCESTON, PL15 7FL - £327,000

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

3 CHAPEL CLOSE is a midsized detached house of 124m². It was last sold for £327,000 in June 2021, which was around 16% below the average June 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2018, where the current energy rating was B, and the potential energy rating was B.

3 CHAPEL CLOSE Sold Prices

Land registry data shows two sales for 3 CHAPEL CLOSE 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. Both of the two 3 CHAPEL CLOSE 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
2021 17 JUN	£327,000	£387,509	16% below HPI
2018 22 AUG	£296,000	£331,892	11% below HPI

3 CHAPEL CLOSE 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 3 CHAPEL CLOSE sales from August 2018 and June 2021 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 August 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is 124m² according to the EPC inspection conducted in July 2018. This puts it in the largest 50% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where 3 CHAPEL CLOSE lies on this distribution: 57% of detached houses are smaller than 3 CHAPEL CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Launceston.

3 CHAPEL CLOSE: Plot and Title Map

3 CHAPEL CLOSE sits on a plot of roughly 0.128 of an acre, or 519m². The below map shows the location of 3 CHAPEL CLOSE, 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 3 CHAPEL CLOSE). 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 3 CHAPEL CLOSE?

3 CHAPEL CLOSE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 3 on CHAPEL CLOSE.