FAIRLAWNS, LEWANNICK, LAUNCESTON, PL15 7QD - £360,000

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

FAIRLAWNS is a large detached house of 114m², built sometime between 1950 and 1966. It was last sold for £360,000 in May 2023, which was around 18% below the average May 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2014, where the current energy rating was F, and the potential energy rating was C.

FAIRLAWNS Sold Prices

Land registry data shows three sales for FAIRLAWNS 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. Two of the three FAIRLAWNS sales were for below the average price, whilst one was for above 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
2023 26 MAY	£360,000	£439,960	18% below HPI
2009 5 JUN	£190,000	£251,060	24% below HPI
2000 4 APR	£128,000	£108,174	18% above HPI

FAIRLAWNS 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 FAIRLAWNS sales between April 2000 and May 2023 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 June 2009 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is FAIRLAWNS?

FAIRLAWNS is 114m² according to the EPC inspection conducted in June 2014. This puts it in the largest 30% of detached houses in Lewannick, based on EPC data. The below chart shows the distribution of detached houses by size in Lewannick, and where FAIRLAWNS lies on this distribution: 74% of detached houses are smaller than FAIRLAWNS, and 26% of houses are larger. Note that EPC data is not available for all properties in Lewannick.

FAIRLAWNS: Plot and Title Map

FAIRLAWNS sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of FAIRLAWNS, 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 FAIRLAWNS). 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 FAIRLAWNS?

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