ROSE COTTAGE, NORTH HILL, LAUNCESTON, PL15 7PQ - £240,000

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

ROSE COTTAGE is a very small extended detached house of 70m², built sometime before 1900. It was last sold for £240,000 in June 2023, which was around 45% below the average June 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2019, where the current energy rating was E, and the potential energy rating was B.

ROSE COTTAGE Sold Prices

Land registry data shows four sales for ROSE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four ROSE COTTAGE 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
2023 28 JUN	£240,000	£436,400	45% below HPI
2002 18 DEC	£106,500	£193,083	45% below HPI
1999 1 MAR	£64,500	£93,565	31% below HPI
1996 24 OCT	£39,000	£75,369	48% below HPI

ROSE COTTAGE 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 four ROSE COTTAGE sales between October 1996 and June 2023 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 2002 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2023 sale, which was also at 45% below the HPI.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 70m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% of detached houses in North Hill, based on EPC data. The below chart shows the distribution of detached houses by size in North Hill, and where ROSE COTTAGE lies on this distribution: 10% of detached houses are smaller than ROSE COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in North Hill.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of ROSE COTTAGE, 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 ROSE COTTAGE). 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 ROSE COTTAGE?

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