8, CORNER PARK, FIVE LANES, LAUNCESTON, PL15 7RX - £235,000

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

8 CORNER PARK is a very large extended detached house of 140m², built sometime between 1991 and 1995. It was last sold for £235,000 in November 2004, which was around 10% below the average November 2004 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was C.

8 CORNER PARK Sold Prices

Land registry data shows two sales for 8 CORNER PARK 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 8 CORNER PARK 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
2004 19 NOV	£235,000	£261,265	10% below HPI
2001 30 MAR	£102,500	£121,560	16% below HPI

8 CORNER PARK 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 8 CORNER PARK sales from March 2001 and November 2004 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 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2004 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 8 CORNER PARK?

8 CORNER PARK is 140m², which includes one extension, according to the EPC inspection conducted in February 2015. 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 8 CORNER PARK lies on this distribution: More than 99% of detached houses are smaller than 8 CORNER PARK, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

8 CORNER PARK: Plot and Title Map

8 CORNER PARK sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 8 CORNER PARK, 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 8 CORNER PARK). 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 8 CORNER PARK?

8 CORNER PARK is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 8 on CORNER PARK.