3, SUMMERHILL ROAD, LAUNCESTON, PL15 7DU - £287,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 SUMMERHILL ROAD is a very small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £287,000 in February 2021, which was around 24% below the average February 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

3 SUMMERHILL ROAD Sold Prices

Land registry data shows two sales for 3 SUMMERHILL ROAD 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 SUMMERHILL ROAD 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 16 FEB	£287,000	£378,711	24% below HPI
2018 8 JAN	£240,000	£326,927	27% below HPI

3 SUMMERHILL ROAD 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 SUMMERHILL ROAD sales from January 2018 and February 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 January 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 SUMMERHILL ROAD?

3 SUMMERHILL ROAD is 86m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% 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 SUMMERHILL ROAD lies on this distribution: 17% of detached houses are smaller than 3 SUMMERHILL ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Launceston.

3 SUMMERHILL ROAD: Plot and Title Map

3 SUMMERHILL ROAD sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 3 SUMMERHILL ROAD, 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 SUMMERHILL ROAD). 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 SUMMERHILL ROAD?

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