6, PENWORTH CLOSE, LAUNCESTON, PL15 9TG - £360,000

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

6 PENWORTH CLOSE is a large extended detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £395,495. It was last sold for £360,000 in October 2021, which was around 11% below the average October 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

6 PENWORTH CLOSE Sold Prices

Land registry data shows three sales for 6 PENWORTH 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 6 PENWORTH 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 22 OCT	£360,000	£404,154	11% below HPI
2019 29 NOV	£305,000	£349,562	13% below HPI
2007 18 DEC	£265,000	£304,013	13% below HPI

6 PENWORTH 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 6 PENWORTH CLOSE sales between December 2007 and October 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 November 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 6 PENWORTH CLOSE be worth now?

6 PENWORTH CLOSE might now be worth an estimated £395,495.

This is based on house price inflation of 9.9%, between October 2021 and December 2024, 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 9.9% inflationary increase is applied to the most recent sale price for 6 PENWORTH CLOSE of £360,000 on 22nd October 2021. For the value to have increased from £360,000 to £395,495 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of 6 PENWORTH CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PENWORTH CLOSE has not materially changed since October 2021.

How Large is 6 PENWORTH CLOSE?

6 PENWORTH CLOSE is 128m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 40% 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 6 PENWORTH CLOSE lies on this distribution: 61% of detached houses houses are smaller than 6 PENWORTH CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Launceston.

6 PENWORTH CLOSE: Plot and Title Map

6 PENWORTH CLOSE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of 6 PENWORTH 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 6 PENWORTH 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 6 PENWORTH CLOSE?

6 PENWORTH CLOSE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 6 on PENWORTH CLOSE.