THE LAURELS, PETHERWIN GATE, LAUNCESTON, PL15 8LW - £347,500

THE LAURELS is a midsized extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £347,500 in July 2023, which was around 21% below the average July 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows four sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four THE LAURELS 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
2023 6 JUL	£347,500	£438,484	21% below HPI
2022 29 SEP	£320,000	£452,640	29% below HPI
1997 22 OCT	£58,000	£85,085	32% below HPI
1995 19 JAN	£50,000	£69,151	28% below HPI

THE LAURELS 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 four THE LAURELS sales between January 1995 and July 2023 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 September 2022 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 98m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 50% of detached houses in North Petherwin, based on EPC data. The below chart shows the distribution of detached houses by size in North Petherwin, and where THE LAURELS lies on this distribution: 47% of detached houses are smaller than THE LAURELS, and 53% of houses are larger. Note that EPC data is not available for all properties in North Petherwin.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located in PETHERWIN GATE, in the PL15 postcode district. The below map shows the position of THE LAURELS in PETHERWIN GATE.