LA CASITA, RACE HILL, LAUNCESTON, PL15 9BD - £267,000

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

LA CASITA is a very large extended detached house of 170m², built sometime between 1950 and 1966. It was last sold for £267,000 in April 2020, which was around 21% below the average April 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was C.

LA CASITA Sold Prices

Land registry data shows three sales for LA CASITA 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 LA CASITA 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
2020 9 APR	£267,000	£338,451	21% below HPI
2016 21 JUN	£97,000	£295,169	67% below HPI
2002 1 MAR	£70,000	£149,311	53% below HPI

LA CASITA 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 LA CASITA sales between March 2002 and April 2020 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 2016 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the April 2020 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is LA CASITA?

LA CASITA is 170m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the largest 20% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where LA CASITA lies on this distribution: 83% of detached houses are smaller than LA CASITA, and 17% of houses are larger. Note that EPC data is not available for all properties in Launceston.

LA CASITA: Plot and Title Map

LA CASITA sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of LA CASITA, 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 LA CASITA). 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 LA CASITA?

LA CASITA is located on RACE HILL in LAUNCESTON, in the PL15 postcode district. The below map shows the position of LA CASITA on RACE HILL.