NEW HOUSE, WESTERN ROAD, LAUNCESTON, PL15 7AS - £142,000

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

NEW HOUSE is a very small detached house of 60m², built sometime between 1976 and 1982. It was last sold for £142,000 in March 2022, which was around 66% below the average March 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

NEW HOUSE Sold Prices

Land registry data shows three sales for NEW HOUSE 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 NEW HOUSE 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
2022 24 MAR	£142,000	£423,857	66% below HPI
2013 12 DEC	£125,000	£275,187	55% below HPI
2004 2 APR	£111,000	£233,419	52% below HPI

NEW HOUSE 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 NEW HOUSE sales between April 2004 and March 2022 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 December 2013 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the March 2022 sale, where it falls to 66% below the HPI. The line then continues to track at 66% below the HPI.

How Large is NEW HOUSE?

NEW HOUSE is 60m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where NEW HOUSE lies on this distribution: 2% of detached houses are smaller than NEW HOUSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Launceston.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.029 of an acre, or 119m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located on WESTERN ROAD in LAUNCESTON, in the PL15 postcode district. The below map shows the position of NEW HOUSE on WESTERN ROAD.