5, MAYNE CLOSE, LAUNCESTON, PL15 8XQ - £329,950

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 MAYNE CLOSE is a large detached house of 141m², built sometime between 1996 and 2002, which could now be worth an estimated £481,172. It was last sold for £329,950 in June 2016, which was around 10% above the average June 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was B.

5 MAYNE CLOSE Sold Prices

Land registry data shows three sales for 5 MAYNE CLOSE 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 5 MAYNE CLOSE sales were for above 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
2016 17 JUN	£329,950	£299,819	10% above HPI
2006 20 OCT	£285,000	£283,571	1% above HPI
2001 30 MAR	£152,500	£123,475	24% above HPI

5 MAYNE 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 three 5 MAYNE CLOSE sales between March 2001 and June 2016 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 October 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2016 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 5 MAYNE CLOSE be worth now?

5 MAYNE CLOSE might now be worth an estimated £481,172.

This is based on house price inflation of 45.8%, between June 2016 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 45.8% inflationary increase is applied to the most recent sale price for 5 MAYNE CLOSE of £329,950 on 17th June 2016. For the value to have increased from £329,950 to £481,172 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MAYNE CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2016 sale price of £329,950 represented a fair market value for the property.
• The size, condition, and specification of 5 MAYNE CLOSE has not materially changed since June 2016.

How Large is 5 MAYNE CLOSE?

5 MAYNE CLOSE is 141m² according to the EPC inspection conducted in April 2016. This puts it in the largest 30% 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 5 MAYNE CLOSE lies on this distribution: 70% of detached houses houses are smaller than 5 MAYNE CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Launceston.

5 MAYNE CLOSE: Plot and Title Map

5 MAYNE CLOSE sits on a plot of roughly 0.163 of an acre, or 658m². The below map shows the location of 5 MAYNE 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 MAYNE 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 MAYNE CLOSE?

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