OLD POST OFFICE COTTAGE, PETHERWIN GATE, LAUNCESTON, PL15 8LW - £193,000

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.

OLD POST OFFICE COTTAGE is a large extended detached house of 112m², built sometime before 1900, which could now be worth an estimated £363,819. It was last sold for £193,000 in December 2003, which was around 15% below the average December 2003 detached price in the Cornwall local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

OLD POST OFFICE COTTAGE Sold Prices

Land registry data shows two sales for OLD POST OFFICE COTTAGE 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 OLD POST OFFICE COTTAGE 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 3 DEC	£193,000	£227,369	15% below HPI
1995 4 DEC	£65,000	£71,995	10% below HPI

OLD POST OFFICE COTTAGE 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 OLD POST OFFICE COTTAGE sales from December 1995 and December 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 December 1995 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2003 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might OLD POST OFFICE COTTAGE be worth now?

OLD POST OFFICE COTTAGE might now be worth an estimated £363,819.

This is based on house price inflation of 88.5%, between December 2003 and May 2026, 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 88.5% inflationary increase is applied to the most recent sale price for OLD POST OFFICE COTTAGE of £193,000 on 3rd December 2003. For the value to have increased from £193,000 to £363,819 over the 23 years and seven months to May 2026, the following assumptions must hold true:

• The value of OLD POST OFFICE COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2003 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of OLD POST OFFICE COTTAGE has not materially changed since December 2003.

How Large is OLD POST OFFICE COTTAGE?

OLD POST OFFICE COTTAGE is 112m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 40% of detached houses houses in North Petherwin, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Petherwin, and where OLD POST OFFICE COTTAGE lies on this distribution: 67% of detached houses houses are smaller than OLD POST OFFICE COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in North Petherwin.

OLD POST OFFICE COTTAGE: Plot and Title Map

OLD POST OFFICE COTTAGE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of OLD POST OFFICE COTTAGE, 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 OLD POST OFFICE COTTAGE). 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 OLD POST OFFICE COTTAGE?

OLD POST OFFICE COTTAGE is located in PETHERWIN GATE, in the PL15 postcode district. The below map shows the position of OLD POST OFFICE COTTAGE in PETHERWIN GATE.