3, PENWORTH CLOSE, LAUNCESTON, PL15 9TG - £248,500

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.

3 PENWORTH CLOSE is a midsized extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £466,784. It was last sold for £248,500 in March 2004, which was around 6% above the average March 2004 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

3 PENWORTH CLOSE Sold Prices

Land registry data shows two sales for 3 PENWORTH 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 PENWORTH CLOSE 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
2004 15 MAR	£248,500	£234,856	6% above HPI
1996 26 APR	£79,950	£71,136	12% above HPI

3 PENWORTH 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 PENWORTH CLOSE sales from April 1996 and March 2004 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 April 1996 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the March 2004 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 3 PENWORTH CLOSE be worth now?

3 PENWORTH CLOSE might now be worth an estimated £466,784.

This is based on house price inflation of 87.8%, between March 2004 and March 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 87.8% inflationary increase is applied to the most recent sale price for 3 PENWORTH CLOSE of £248,500 on 15th March 2004. For the value to have increased from £248,500 to £466,784 over the 21 years to March 2025, the following assumptions must hold true:

• The value of 3 PENWORTH CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2004 sale price of £248,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PENWORTH CLOSE has not materially changed since March 2004.

How Large is 3 PENWORTH CLOSE?

3 PENWORTH CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 50% 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 PENWORTH CLOSE lies on this distribution: 55% of detached houses houses are smaller than 3 PENWORTH CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Launceston.

3 PENWORTH CLOSE: Plot and Title Map

3 PENWORTH CLOSE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 3 PENWORTH 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 PENWORTH 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 PENWORTH CLOSE?

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