ROMAR, SOUTH PETHERWIN, LAUNCESTON, PL15 7JZ - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ROMAR is a large extended detached house of 104m², built sometime between 1967 and 1975. It was last sold for £345,000 in August 2021, which was around 10% below the average August 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

ROMAR Sold Prices

Land registry data shows three sales for ROMAR 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 ROMAR 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 31 AUG	£345,000	£382,558	10% below HPI
2020 19 FEB	£243,000	£339,150	28% below HPI
2017 27 JAN	£181,000	£307,685	41% below HPI

ROMAR 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 ROMAR sales between January 2017 and August 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 February 2020 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is ROMAR?

ROMAR is 104m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 40% of detached houses in South Petherwin, based on EPC data. The below chart shows the distribution of detached houses by size in South Petherwin, and where ROMAR lies on this distribution: 65% of detached houses are smaller than ROMAR, and 35% of houses are larger. Note that EPC data is not available for all properties in South Petherwin.

ROMAR: Plot and Title Map

ROMAR sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of ROMAR, 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 ROMAR). 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 ROMAR?

ROMAR is located in SOUTH PETHERWIN, in the PL15 postcode district. The below map shows the position of ROMAR in SOUTH PETHERWIN.