VIRON, BROOKSIDE CLOSE, LAUNCESTON, PL15 8SF - £360,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

VIRON is a midsized detached house of 109m², built sometime between 1991 and 1995, which could now be worth an estimated £344,608. It was last sold for £360,000 in October 2022, which was around 22% below the average October 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was C.

VIRON Sold Prices

Land registry data shows two sales for VIRON 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 VIRON 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 28 OCT	£360,000	£463,835	22% below HPI
2002 2 APR	£134,000	£153,157	13% below HPI

VIRON 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 VIRON sales from April 2002 and October 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 April 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might VIRON be worth now?

VIRON might now be worth an estimated £344,608.

This is based on house price deflation of 4.3%, between October 2022 and December 2024, 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 4.3% deflationary decrease is applied to the most recent sale price for VIRON of £360,000 on 28th October 2022. For the value to have decreased from £360,000 to £344,608 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of VIRON has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The October 2022 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of VIRON has not materially changed since October 2022.

How Large is VIRON?

VIRON is 109m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% 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 VIRON lies on this distribution: 40% of detached houses houses are smaller than VIRON, and 58% of houses are larger. Note that EPC data is not available for all properties in Launceston.

VIRON: Plot and Title Map

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

VIRON is located on BROOKSIDE CLOSE in LAUNCESTON, in the PL15 postcode district. The below map shows the position of VIRON on BROOKSIDE CLOSE.