COVEY, LEWANNICK, LAUNCESTON, PL15 7QD - £160,000

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

COVEY is a midsized detached house of 97m², built sometime before 1900, which could now be worth an estimated £258,026. It was last sold for £160,000 in May 2011, which was around 41% below the average May 2011 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2009, where the current energy rating was G, and the potential energy rating was F.

COVEY Sold Prices

Land registry data shows five sales for COVEY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the five COVEY 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
2011 23 MAY	£160,000	£271,124	41% below HPI
2004 27 APR	£169,000	£237,096	29% below HPI
2002 31 JUL	£122,000	£167,868	27% below HPI
2001 24 OCT	£87,000	£141,977	39% below HPI
1999 19 AUG	£72,500	£99,651	27% below HPI

COVEY 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 five COVEY sales between August 1999 and May 2011 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 April 2004 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2011 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might COVEY be worth now?

COVEY might now be worth an estimated £258,026.

This is based on house price inflation of 61.3%, between May 2011 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 61.3% inflationary increase is applied to the most recent sale price for COVEY of £160,000 on 23rd May 2011. For the value to have increased from £160,000 to £258,026 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of COVEY has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2011 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of COVEY has not materially changed since May 2011.

How Large is COVEY?

COVEY is 97m² according to the EPC inspection conducted in August 2009. This puts it in the largest 50% of detached houses houses in Lewannick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lewannick, and where COVEY lies on this distribution: 55% of detached houses houses are smaller than COVEY, and 45% of houses are larger. Note that EPC data is not available for all properties in Lewannick.

COVEY: Plot and Title Map

COVEY sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of COVEY, 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 COVEY). 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 COVEY?

COVEY is located in LEWANNICK, in the PL15 postcode district. The below map shows the position of COVEY in LEWANNICK.