7, CLEAVERFIELD MEWS, LAUNCESTON, PL15 8DD - £135,000

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.

7 CLEAVERFIELD MEWS is a small terraced house of 92m², built sometime between 2003 and 2006, which could now be worth an estimated £211,490. It was last sold for £135,000 in May 2011, which was around 9% below the average May 2011 terraced price in the Cornwall local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 CLEAVERFIELD MEWS Sold Prices

Land registry data shows three sales for 7 CLEAVERFIELD MEWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Two of the three 7 CLEAVERFIELD MEWS sales were for below the average price, whilst one was 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
2011 16 MAY	£135,000	£148,554	9% below HPI
2009 30 JUL	£125,000	£145,515	14% below HPI
2002 29 NOV	£120,000	£92,274	30% above HPI

7 CLEAVERFIELD MEWS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The three 7 CLEAVERFIELD MEWS sales between November 2002 and May 2011 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 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2011 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 7 CLEAVERFIELD MEWS be worth now?

7 CLEAVERFIELD MEWS might now be worth an estimated £211,490.

This is based on house price inflation of 56.7%, between May 2011 and July 2025, for terraced 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 56.7% inflationary increase is applied to the most recent sale price for 7 CLEAVERFIELD MEWS of £135,000 on 16th May 2011. For the value to have increased from £135,000 to £211,490 over the thirteen years and ten months to July 2025, the following assumptions must hold true:

• The value of 7 CLEAVERFIELD MEWS has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2011 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CLEAVERFIELD MEWS has not materially changed since May 2011.

How Large is 7 CLEAVERFIELD MEWS?

7 CLEAVERFIELD MEWS is 92m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 30% of terraced houses houses in Launceston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Launceston, and where 7 CLEAVERFIELD MEWS lies on this distribution: 22% of terraced houses houses are smaller than 7 CLEAVERFIELD MEWS, and 78% of houses are larger. Note that EPC data is not available for all properties in Launceston.

7 CLEAVERFIELD MEWS: Plot and Title Map

7 CLEAVERFIELD MEWS sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 7 CLEAVERFIELD MEWS, 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 7 CLEAVERFIELD MEWS). 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 7 CLEAVERFIELD MEWS?

7 CLEAVERFIELD MEWS is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 7 on CLEAVERFIELD MEWS.