7, MOUNT WISE, LAUNCESTON, PL15 9AT - £132,000

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

7 MOUNT WISE is a very small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £132,000 in November 2014, which was around 55% below the average November 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2017, where the current energy rating was D, and the potential energy rating was B.

7 MOUNT WISE Sold Prices

Land registry data shows two sales for 7 MOUNT WISE 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 7 MOUNT WISE 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
2014 7 NOV	£132,000	£291,705	55% below HPI
1996 18 JAN	£59,000	£71,277	17% below HPI

7 MOUNT WISE 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 7 MOUNT WISE sales from January 1996 and November 2014 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 January 1996 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2014 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 7 MOUNT WISE?

7 MOUNT WISE is 69m² according to the EPC inspection conducted in December 2017. This puts it in the smallest 10% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where 7 MOUNT WISE lies on this distribution: 4% of detached houses are smaller than 7 MOUNT WISE, and 96% of houses are larger. Note that EPC data is not available for all properties in Launceston.

7 MOUNT WISE: Plot and Title Map

7 MOUNT WISE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 7 MOUNT WISE, 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 7 MOUNT WISE). 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 7 MOUNT WISE?

7 MOUNT WISE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 7 on MOUNT WISE.