PENDORA, RIDGEGROVE LANE, LAUNCESTON, PL15 8EE - £222,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PENDORA is a small detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £256,483. It was last sold for £222,000 in March 2021, which was around 42% below the average March 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

PENDORA Sold Prices

Land registry data shows two sales for PENDORA 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 PENDORA 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
2021 15 MAR	£222,000	£381,844	42% below HPI
2016 24 OCT	£180,000	£309,703	42% below HPI

PENDORA 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 PENDORA sales from October 2016 and March 2021 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 2016 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2021 sale, which was also at 42% below the HPI.

What might PENDORA be worth now?

PENDORA might now be worth an estimated £256,483.

This is based on house price inflation of 15.5%, between March 2021 and March 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for PENDORA of £222,000 on 15th March 2021. For the value to have increased from £222,000 to £256,483 over the four years to March 2025, the following assumptions must hold true:

• The value of PENDORA has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2021 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of PENDORA has not materially changed since March 2021.

How Large is PENDORA?

PENDORA is 104m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where PENDORA lies on this distribution: 35% of detached houses houses are smaller than PENDORA, and 64% of houses are larger. Note that EPC data is not available for all properties in Launceston.

PENDORA: Plot and Title Map

PENDORA sits on a plot of roughly 0.170 of an acre, or 688m². The below map shows the location of PENDORA, 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 PENDORA). 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 PENDORA?

PENDORA is located on RIDGEGROVE LANE in LAUNCESTON, in the PL15 postcode district. The below map shows the position of PENDORA on RIDGEGROVE LANE.