7, WOODA LANE, LAUNCESTON, PL15 8JB - £215,000

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 WOODA LANE is a small extended detached house of 95m², built sometime before 1900. It was last sold for £215,000 in February 2013, which was around 19% below the average February 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

7 WOODA LANE Sold Prices

Land registry data shows three sales for 7 WOODA LANE 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 7 WOODA LANE 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
2013 27 FEB	£215,000	£266,912	19% below HPI
2006 27 MAR	£197,000	£259,241	24% below HPI
1997 20 NOV	£54,000	£85,550	37% below HPI

7 WOODA LANE 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 7 WOODA LANE sales between November 1997 and February 2013 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 March 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2013 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 WOODA LANE?

7 WOODA LANE is 95m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% 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 WOODA LANE lies on this distribution: 28% of detached houses are smaller than 7 WOODA LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Launceston.

7 WOODA LANE: Plot and Title Map

7 WOODA LANE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 7 WOODA LANE, 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 WOODA LANE). 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 WOODA LANE?

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