16, WINDMILL LANE, LAUNCESTON, PL15 9AU - £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.

16 WINDMILL LANE is a very small extended semi-detached house of 82m², built sometime between 1930 and 1949, which could now be worth an estimated £185,273. It was last sold for £165,000 in July 2021, which was around 34% below the average July 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

16 WINDMILL LANE Sold Prices

Land registry data shows two sales for 16 WINDMILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 16 WINDMILL LANE 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
2021 26 JUL	£165,000	£251,390	34% below HPI
2000 14 APR	£46,000	£67,705	32% below HPI

16 WINDMILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 16 WINDMILL LANE sales from April 2000 and July 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 2000 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 16 WINDMILL LANE be worth now?

16 WINDMILL LANE might now be worth an estimated £185,273.

This is based on house price inflation of 12.3%, between July 2021 and July 2025, for semi-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 12.3% inflationary increase is applied to the most recent sale price for 16 WINDMILL LANE of £165,000 on 26th July 2021. For the value to have increased from £165,000 to £185,273 over the four years to July 2025, the following assumptions must hold true:

• The value of 16 WINDMILL LANE has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The July 2021 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WINDMILL LANE has not materially changed since July 2021.

How Large is 16 WINDMILL LANE?

16 WINDMILL LANE is 82m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of semi-detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Launceston, and where 16 WINDMILL LANE lies on this distribution: 12% of semi-detached houses houses are smaller than 16 WINDMILL LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Launceston.

16 WINDMILL LANE: Plot and Title Map

16 WINDMILL LANE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 16 WINDMILL LANE, 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 16 WINDMILL LANE). 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 16 WINDMILL LANE?

16 WINDMILL LANE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 16 on WINDMILL LANE.