5, CHOUGH CLOSE, LAUNCESTON, PL15 9JZ - £359,625

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.

5 CHOUGH CLOSE is a very large extended detached house of 171m², built sometime between 2003 and 2006, which could now be worth an estimated £404,646. It was last sold for £359,625 in August 2021, which was around 7% below the average August 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

5 CHOUGH CLOSE Sold Prices

Land registry data shows two sales for 5 CHOUGH 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 5 CHOUGH CLOSE 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 AUG	£359,625	£388,585	7% below HPI
2003 25 JUL	£202,950	£217,682	7% below HPI

5 CHOUGH 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 5 CHOUGH CLOSE sales from July 2003 and August 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 July 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2021 sale, which was also at 7% below the HPI.

What might 5 CHOUGH CLOSE be worth now?

5 CHOUGH CLOSE might now be worth an estimated £404,646.

This is based on house price inflation of 12.5%, between August 2021 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 12.5% inflationary increase is applied to the most recent sale price for 5 CHOUGH CLOSE of £359,625 on 16th August 2021. For the value to have increased from £359,625 to £404,646 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 5 CHOUGH CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The August 2021 sale price of £359,625 represented a fair market value for the property.
• The size, condition, and specification of 5 CHOUGH CLOSE has not materially changed since August 2021.

How Large is 5 CHOUGH CLOSE?

5 CHOUGH CLOSE is 171m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 10% of detached houses houses in Withnoe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Withnoe, and where 5 CHOUGH CLOSE lies on this distribution: 96% of detached houses houses are smaller than 5 CHOUGH CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Withnoe.

5 CHOUGH CLOSE: Plot and Title Map

5 CHOUGH CLOSE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 5 CHOUGH 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 5 CHOUGH 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 5 CHOUGH CLOSE?

5 CHOUGH CLOSE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 5 on CHOUGH CLOSE.