TRENANCE, WINDMILL HILL, LAUNCESTON, PL15 9AG - £515,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

TRENANCE is a very large extended detached house of 231m², built sometime between 1900 and 1929, which could now be worth an estimated £590,191. It was last sold for £515,000 in May 2021, which was around 35% above the average May 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was C.

TRENANCE Sold Prices

Land registry data shows two sales for TRENANCE 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 TRENANCE sales were for above 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 18 MAY	£515,000	£381,527	35% above HPI
2017 26 APR	£425,000	£316,339	34% above HPI

TRENANCE 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 TRENANCE sales from April 2017 and May 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 April 2017 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the May 2021 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might TRENANCE be worth now?

TRENANCE might now be worth an estimated £590,191.

This is based on house price inflation of 14.6%, between May 2021 and February 2025, 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 14.6% inflationary increase is applied to the most recent sale price for TRENANCE of £515,000 on 18th May 2021. For the value to have increased from £515,000 to £590,191 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of TRENANCE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The May 2021 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of TRENANCE has not materially changed since May 2021.

How Large is TRENANCE?

TRENANCE is 231m², which includes two extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where TRENANCE lies on this distribution: 96% of detached houses houses are smaller than TRENANCE, and 4% of houses are larger. Note that EPC data is not available for all properties in Launceston.

TRENANCE: Plot and Title Map

TRENANCE sits on a plot of roughly 0.365 of an acre, or 1,478m². The below map shows the location of TRENANCE, 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 TRENANCE). 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 TRENANCE?

TRENANCE is located on WINDMILL HILL in LAUNCESTON, in the PL15 postcode district. The below map shows the position of TRENANCE on WINDMILL HILL.