STONEBANK, NORTH HILL, LAUNCESTON, PL15 7PQ - £380,000

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

STONEBANK is a small detached house of 105m², built sometime between 1967 and 1975. It was last sold for £380,000 in August 2021, which was around 1% below the average August 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

STONEBANK Sold Prices

Land registry data shows three sales for STONEBANK 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 STONEBANK 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 4 AUG	£380,000	£382,558	1% below HPI
2015 21 OCT	£241,000	£305,354	21% below HPI
2002 21 MAR	£136,000	£149,311	9% below HPI

STONEBANK 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 STONEBANK sales between March 2002 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 October 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is STONEBANK?

STONEBANK is 105m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% 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 STONEBANK lies on this distribution: 38% of detached houses are smaller than STONEBANK, and 62% of houses are larger. Note that EPC data is not available for all properties in North Hill.

STONEBANK: Plot and Title Map

STONEBANK sits on a plot of roughly 0.156 of an acre, or 631m². The below map shows the location of STONEBANK, 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 STONEBANK). 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 STONEBANK?

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