48, RACE HILL, LAUNCESTON, PL15 9BD - £162,000

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

48 RACE HILL is a very large extended detached house of 164m², built sometime between 1900 and 1929. It was last sold for £162,000 in May 2009, which was around 36% below the average May 2009 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2009, where the current energy rating was F, and the potential energy rating was E.

48 RACE HILL Sold Prices

Land registry data shows three sales for 48 RACE HILL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 48 RACE HILL 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
2009 29 MAY	£162,000	£251,618	36% below HPI
2007 26 JAN	£180,000	£282,511	36% below HPI
1998 22 OCT	£60,000	£91,148	34% below HPI

48 RACE HILL 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 three 48 RACE HILL sales between October 1998 and May 2009 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 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2009 sale, which was also at 36% below the HPI.

How Large is 48 RACE HILL?

48 RACE HILL is 164m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the largest 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 48 RACE HILL lies on this distribution: 81% of detached houses are smaller than 48 RACE HILL, and 19% of houses are larger. Note that EPC data is not available for all properties in Launceston.

48 RACE HILL: Plot and Title Map

48 RACE HILL sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 48 RACE HILL, 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 48 RACE HILL). 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 48 RACE HILL?

48 RACE HILL is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 48 on RACE HILL.