5, THORN CLOSE, FIVE LANES, LAUNCESTON, PL15 7QZ - £250,000

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

5 THORN CLOSE is a very large detached house of 135m², built sometime between 1976 and 1982. It was last sold for £250,000 in October 2012, which was around 6% below the average October 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was E.

5 THORN CLOSE Sold Prices

Land registry data shows two sales for 5 THORN 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 THORN 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
2012 4 OCT	£250,000	£265,698	6% below HPI
2006 25 AUG	£200,000	£271,309	26% below HPI

5 THORN 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 THORN CLOSE sales from August 2006 and October 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 August 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2012 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 5 THORN CLOSE?

5 THORN CLOSE is 135m² according to the EPC inspection conducted in March 2011. This puts it in the largest 10% of detached houses in Fivelanes, based on EPC data. The below chart shows the distribution of detached houses by size in Fivelanes, and where 5 THORN CLOSE lies on this distribution: 94% of detached houses are smaller than 5 THORN CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

5 THORN CLOSE: Plot and Title Map

5 THORN CLOSE sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of 5 THORN 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 THORN 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 THORN CLOSE?

5 THORN CLOSE is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 5 on THORN CLOSE.