WOODVALE, NORTH HILL, LAUNCESTON, PL15 7PQ - £315,000

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.

WOODVALE is a midsized detached house of 110m², built sometime from 2007 onwards, which could now be worth an estimated £399,211. It was last sold for £315,000 in March 2020, which was around 10% below the average March 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

WOODVALE Sold Prices

Land registry data shows two sales for WOODVALE 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 WOODVALE 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
2020 6 MAR	£315,000	£348,096	10% below HPI
2013 30 JUL	£245,000	£278,576	12% below HPI

WOODVALE 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 WOODVALE sales from July 2013 and March 2020 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 July 2013 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might WOODVALE be worth now?

WOODVALE might now be worth an estimated £399,211.

This is based on house price inflation of 26.7%, between March 2020 and March 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 26.7% inflationary increase is applied to the most recent sale price for WOODVALE of £315,000 on 6th March 2020. For the value to have increased from £315,000 to £399,211 over the five years to March 2025, the following assumptions must hold true:

• The value of WOODVALE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2020 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of WOODVALE has not materially changed since March 2020.

How Large is WOODVALE?

WOODVALE is 110m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 50% of detached houses houses in North Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Hill, and where WOODVALE lies on this distribution: 48% of detached houses houses are smaller than WOODVALE, and 52% of houses are larger. Note that EPC data is not available for all properties in North Hill.

WOODVALE: Plot and Title Map

WOODVALE sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of WOODVALE, 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 WOODVALE). 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 WOODVALE?

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