3, CHAPEL DRIVE, LAUNCESTON, PL15 7FR - £580,000

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

3 CHAPEL DRIVE is a very large detached house of 188m², which could now be worth an estimated £549,502. It was last sold for £580,000 in November 2022, which was around 24% above the average November 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was A.

3 CHAPEL DRIVE Sold Prices

Land registry data shows two sales for 3 CHAPEL DRIVE 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 DRIVE sales were for above 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 4 NOV	£580,000	£468,646	24% above HPI
2020 25 MAR	£397,500	£348,096	14% above HPI

3 CHAPEL DRIVE 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 DRIVE sales from March 2020 and November 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 March 2020 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the November 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 3 CHAPEL DRIVE be worth now?

3 CHAPEL DRIVE might now be worth an estimated £549,502.

This is based on house price deflation of 5.3%, between November 2022 and December 2024, 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 5.3% deflationary decrease is applied to the most recent sale price for 3 CHAPEL DRIVE of £580,000 on 4th November 2022. For the value to have decreased from £580,000 to £549,502 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 CHAPEL DRIVE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2022 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHAPEL DRIVE has not materially changed since November 2022.

How Large is 3 CHAPEL DRIVE?

3 CHAPEL DRIVE is 188m² according to the EPC inspection conducted in March 2020. 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 3 CHAPEL DRIVE lies on this distribution: 88% of detached houses houses are smaller than 3 CHAPEL DRIVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Launceston.

3 CHAPEL DRIVE: Plot and Title Map

3 CHAPEL DRIVE sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of 3 CHAPEL DRIVE, 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 DRIVE). 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 DRIVE?

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