ORCHID HOUSE, DUNHEVED ROAD, LAUNCESTON, PL15 9JE - £335,000

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

ORCHID HOUSE is a very large extended detached house of 172m², built sometime between 1991 and 1995. It was last sold for £335,000 in November 2019, which was around 3% below the average November 2019 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was C.

ORCHID HOUSE Sold Prices

Land registry data shows two sales for ORCHID HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two ORCHID 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
2019 21 NOV	£335,000	£344,140	3% below HPI
2008 8 DEC	£245,000	£260,474	6% below HPI

ORCHID 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 two ORCHID HOUSE sales from December 2008 and November 2019 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 2008 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2019 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is ORCHID HOUSE?

ORCHID HOUSE is 172m², which includes one extension, according to the EPC inspection conducted in February 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 ORCHID HOUSE lies on this distribution: 84% of detached houses are smaller than ORCHID HOUSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Launceston.

ORCHID HOUSE: Plot and Title Map

ORCHID HOUSE sits on a plot of roughly 0.201 of an acre, or 811m². The below map shows the location of ORCHID 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 ORCHID 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 ORCHID HOUSE?

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