HOMELEA, HELLESCOTT ROAD, NORTH PETHERWIN, LAUNCESTON, PL15 8LN - £233,500

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

HOMELEA is a small detached house of 87m², built sometime between 2003 and 2006. It was last sold for £233,500 in October 2015, which was around 24% below the average October 2015 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

HOMELEA Sold Prices

Land registry data shows five sales for HOMELEA 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 HOMELEA 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
2015 14 OCT	£233,500	£305,354	24% below HPI
2009 16 OCT	£195,000	£260,752	25% below HPI
2007 9 FEB	£215,000	£282,547	24% below HPI
2003 27 JAN	£135,000	£196,316	31% below HPI
2002 31 MAY	£79,000	£154,610	49% below HPI

HOMELEA 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 HOMELEA sales between May 2002 and October 2015 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 October 2009 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2015 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is HOMELEA?

HOMELEA is 87m² according to the EPC inspection conducted in December 2008. This puts it in the smallest 40% of detached houses in North Petherwin, based on EPC data. The below chart shows the distribution of detached houses by size in North Petherwin, and where HOMELEA lies on this distribution: 35% of detached houses are smaller than HOMELEA, and 65% of houses are larger. Note that EPC data is not available for all properties in North Petherwin.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located on HELLESCOTT ROAD in NORTH PETHERWIN, in the PL15 postcode district. The below map shows the position of HOMELEA on HELLESCOTT ROAD.