PETHINS, NORTH HILL, LAUNCESTON, PL15 7PG - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PETHINS is a very large detached house of 182m², built sometime before 1900, which could now be worth an estimated £579,162. It was last sold for £370,000 in May 2014, which was around 30% above the average May 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2012, where the current energy rating was E, and the potential energy rating was C.

PETHINS Sold Prices

Land registry data shows two sales for PETHINS 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. One of the two PETHINS sales was for above the average price, whilst the other was roughly equal to 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
2014 8 MAY	£370,000	£283,653	30% above HPI
2010 6 DEC	£285,000	£285,625	Close to HPI

PETHINS 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 PETHINS sales from December 2010 and May 2014 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 2010 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2014 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might PETHINS be worth now?

PETHINS might now be worth an estimated £579,162.

This is based on house price inflation of 56.5%, between May 2014 and December 2024, 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 56.5% inflationary increase is applied to the most recent sale price for PETHINS of £370,000 on 8th May 2014. For the value to have increased from £370,000 to £579,162 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of PETHINS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2014 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of PETHINS has not materially changed since May 2014.

How Large is PETHINS?

PETHINS is 182m² according to the EPC inspection conducted in November 2012. This puts it in the largest 10% of detached houses houses in North Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hill, and where PETHINS lies on this distribution: 87% of detached houses houses are smaller than PETHINS, and 10% of houses are larger. Note that EPC data is not available for all properties in North Hill.

PETHINS: Plot and Title Map

PETHINS sits on a plot of roughly 0.240 of an acre, or 970m². The below map shows the location of PETHINS, 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 PETHINS). 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 PETHINS?

PETHINS is located in NORTH HILL, in the PL15 postcode district. The below map shows the position of PETHINS in NORTH HILL.