40, PROUTS WAY, TREGADILLETT, LAUNCESTON, PL15 7HT - £171,000

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

40 PROUTS WAY is a very small detached house of 57m², built sometime between 1976 and 1982. It was last sold for £171,000 in August 2018, which was around 48% below the average August 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

40 PROUTS WAY Sold Prices

Land registry data shows four sales for 40 PROUTS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 40 PROUTS WAY 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
2018 17 AUG	£171,000	£331,892	48% below HPI
2015 15 JUN	£180,000	£296,815	39% below HPI
2003 31 JAN	£132,000	£196,316	33% below HPI
1998 2 FEB	£50,000	£85,995	42% below HPI

40 PROUTS WAY 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 four 40 PROUTS WAY sales between February 1998 and August 2018 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 June 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2018 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 40 PROUTS WAY?

40 PROUTS WAY is 57m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Tregadillett, based on EPC data. The below chart shows the distribution of detached houses by size in Tregadillett, and where 40 PROUTS WAY lies on this distribution: 7% of detached houses are smaller than 40 PROUTS WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Tregadillett.

40 PROUTS WAY: Plot and Title Map

40 PROUTS WAY sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 40 PROUTS WAY, 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 40 PROUTS WAY). 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 40 PROUTS WAY?

40 PROUTS WAY is located in TREGADILLETT, in the PL15 postcode district. The below map shows the position of No. 40 on PROUTS WAY.