3, UPPER CHAPEL, LAUNCESTON, PL15 7DW - £180,000

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 UPPER CHAPEL is a small extended detached house of 100m², built sometime between 1930 and 1949, which could now be worth an estimated £290,172. It was last sold for £180,000 in December 2012, which was around 34% below the average December 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2011, where the current energy rating was E, and the potential energy rating was D.

3 UPPER CHAPEL Sold Prices

Land registry data shows two sales for 3 UPPER CHAPEL 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 UPPER CHAPEL 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
2012 14 DEC	£180,000	£271,224	34% below HPI
2006 11 APR	£120,000	£268,121	55% below HPI

3 UPPER CHAPEL 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 UPPER CHAPEL sales from April 2006 and December 2012 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 2006 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the December 2012 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 3 UPPER CHAPEL be worth now?

3 UPPER CHAPEL might now be worth an estimated £290,172.

This is based on house price inflation of 61.2%, between December 2012 and February 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 61.2% inflationary increase is applied to the most recent sale price for 3 UPPER CHAPEL of £180,000 on 14th December 2012. For the value to have increased from £180,000 to £290,172 over the thirteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 UPPER CHAPEL has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2012 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 3 UPPER CHAPEL has not materially changed since December 2012.

How Large is 3 UPPER CHAPEL?

3 UPPER CHAPEL is 100m², which includes one extension, according to the EPC inspection conducted in December 2011. This puts it in the smallest 40% 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 UPPER CHAPEL lies on this distribution: 31% of detached houses houses are smaller than 3 UPPER CHAPEL, and 69% of houses are larger. Note that EPC data is not available for all properties in Launceston.

3 UPPER CHAPEL: Plot and Title Map

3 UPPER CHAPEL sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 3 UPPER CHAPEL, 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 UPPER CHAPEL). 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 UPPER CHAPEL?

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