55, PROUTS WAY, TREGADILLETT, LAUNCESTON, PL15 7HT - £293,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

55 PROUTS WAY is a large extended detached house of 105m², built sometime between 1976 and 1982, which could now be worth an estimated £273,359. It was last sold for £293,000 in November 2022, which was around 37% below the average November 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

55 PROUTS WAY Sold Prices

Land registry data shows three sales for 55 PROUTS WAY 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 55 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
2022 23 NOV	£293,000	£468,646	37% below HPI
2007 18 JUL	£220,000	£295,243	25% below HPI
1998 8 MAY	£60,000	£88,982	33% below HPI

55 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 three 55 PROUTS WAY sales between May 1998 and November 2022 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 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 55 PROUTS WAY be worth now?

55 PROUTS WAY might now be worth an estimated £273,359.

This is based on house price deflation of 6.7%, between November 2022 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 6.7% deflationary decrease is applied to the most recent sale price for 55 PROUTS WAY of £293,000 on 23rd November 2022. For the value to have decreased from £293,000 to £273,359 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 55 PROUTS WAY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2022 sale price of £293,000 represented a fair market value for the property.
• The size, condition, and specification of 55 PROUTS WAY has not materially changed since November 2022.

How Large is 55 PROUTS WAY?

55 PROUTS WAY is 105m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses houses in Tregadillett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tregadillett, and where 55 PROUTS WAY lies on this distribution: 70% of detached houses houses are smaller than 55 PROUTS WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Tregadillett.

55 PROUTS WAY: Plot and Title Map

55 PROUTS WAY sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 55 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 55 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 55 PROUTS WAY?

55 PROUTS WAY is located in TREGADILLETT, in the PL15 postcode district. The below map shows the position of No. 55 on PROUTS WAY.