1, CORNER PARK, FIVE LANES, LAUNCESTON, PL15 7RX - £165,000

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.

1 CORNER PARK is a small extended detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £340,537. It was last sold for £165,000 in March 2003, which was around 18% below the average March 2003 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

1 CORNER PARK Sold Prices

Land registry data shows two sales for 1 CORNER PARK 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 1 CORNER PARK 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
2003 26 MAR	£165,000	£202,056	18% below HPI
1999 27 AUG	£85,000	£99,651	15% below HPI

1 CORNER PARK 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 1 CORNER PARK sales from August 1999 and March 2003 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 August 1999 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2003 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 1 CORNER PARK be worth now?

1 CORNER PARK might now be worth an estimated £340,537.

This is based on house price inflation of 106.4%, between March 2003 and June 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 106.4% inflationary increase is applied to the most recent sale price for 1 CORNER PARK of £165,000 on 26th March 2003. For the value to have increased from £165,000 to £340,537 over the 21 years and nine months to June 2025, the following assumptions must hold true:

• The value of 1 CORNER PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2003 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CORNER PARK has not materially changed since March 2003.

How Large is 1 CORNER PARK?

1 CORNER PARK is 96m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 40% of detached houses houses in Fivelanes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fivelanes, and where 1 CORNER PARK lies on this distribution: 35% of detached houses houses are smaller than 1 CORNER PARK, and 65% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

1 CORNER PARK: Plot and Title Map

1 CORNER PARK sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 1 CORNER PARK, 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 1 CORNER PARK). 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 1 CORNER PARK?

1 CORNER PARK is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 1 on CORNER PARK.