TREE TOPS, POLYPHANT, LAUNCESTON, PL15 7PS - £290,000

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

TREE TOPS is a midsized extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £290,000 in May 2022, which was around 33% below the average May 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

TREE TOPS Sold Prices

Land registry data shows two sales for TREE TOPS 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 TREE TOPS 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
2022 31 MAY	£290,000	£432,329	33% below HPI
2010 24 MAY	£75,336	£280,136	73% below HPI

TREE TOPS 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 TREE TOPS sales from May 2010 and May 2022 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 May 2010 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the May 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is TREE TOPS?

TREE TOPS is 109m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 50% of detached houses in Polyphant, based on EPC data. The below chart shows the distribution of detached houses by size in Polyphant, and where TREE TOPS lies on this distribution: 54% of detached houses are smaller than TREE TOPS, and 44% of houses are larger. Note that EPC data is not available for all properties in Polyphant.

TREE TOPS: Plot and Title Map

TREE TOPS sits on a plot of roughly 0.184 of an acre, or 744m². The below map shows the location of TREE TOPS, 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 TREE TOPS). 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 TREE TOPS?

TREE TOPS is located in POLYPHANT, in the PL15 postcode district. The below map shows the position of TREE TOPS in POLYPHANT.