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House Prices in PL15 House Prices in PL15 (Launceston)

The average house price in PL15 (Launceston) is £265,880 using HM Land Registry data.

The average property price increased by £50,993 (27.99%) over the last 5 years and increased by £10,215 (4.17%) over the last 12 months.

Over the last year, there were 199 residential property sales – a decrease of 61 transactions (-30.65%) relative to the previous year. The majority of house sales (50) were in the £184,000 - £258,000 range. Then came properties in the £258,000 - £332,000 range, where 39 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 179 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,969 (-3%).

In January 2025, there were 41 new estate agency instructions, 24 agreed home sales and 43 property price reductions.

Nearby Postcodes: EX20, EX21, EX22, EX23, EX38, EX39, PL12, PL13, PL14, PL16, PL17, PL18, PL19, PL20, PL22, PL24, PL26, PL27, PL29, PL30, PL31, PL32, PL33, PL34, PL35, TQ13, TR9

5-Year Average Property Prices in PL15 (Launceston)

27.99%

Property prices in PL15 (Launceston) increased by 27.99% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PL15 (Launceston) Over the Last Year

4.17%

Property prices in PL15 (Launceston) increased by 4.17% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PL15 (Launceston) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PL15 (Launceston)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PL15 (Launceston)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PL15 (Launceston)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PL15 (Launceston) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PL15 postcode area since 1995.

Recent Sales in PL15 (Launceston)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Kel-chy, Dunheved Road, Launceston, Cornwall, PL15 9JQ£500,000£488,000-£12,00008 Jul 202410 Dec 2024155 Days
17 Prince Charles Close, Launceston, Cornwall, PL15 8NQ£165,000£165,000£006 Aug 202406 Dec 2024122 Days
34 Highfield Park Road, Launceston, Cornwall, PL15 7DY£297,500£290,000-£7,50026 Jul 202406 Dec 2024133 Days
79 Prouts Way, Tregadillett, Launceston, Cornwall, PL15 7HT£250,000£250,000£014 Aug 202405 Dec 2024113 Days
Flat 11, Pendruccombe Court, Tavistock Road, Launceston, Cornwall, PL15 9HF£120,000£117,500-£2,50009 Aug 202415 Nov 202498 Days
6 Thorn Close, Five Lanes, Launceston, Cornwall, PL15 7QZ£399,950£393,000-£6,95011 Jul 202414 Nov 2024126 Days
15 Priory Park Road, Launceston, Cornwall, PL15 8JD£209,950£199,000-£10,95001 Jun 202401 Nov 2024153 Days
22 Priory Park Road, Launceston, Cornwall, PL15 8JD£129,950£125,000-£4,95010 Jul 202428 Oct 2024110 Days
42 Dunheved Road, Launceston, Cornwall, PL15 9JQ£425,000£425,000£028 Mar 202413 Aug 2024138 Days
13 Dutson Road, Launceston, Cornwall, PL15 8DY£375,000£375,000£020 Feb 202413 Aug 2024175 Days
1 Garcia Terrace, Launceston, Cornwall, PL15 9BY£185,000£173,500-£11,50024 May 202402 Aug 202470 Days
Helena, Callington Road, Lewannick, Launceston, Cornwall, PL15 7QF£450,000£450,000£027 Mar 202422 Jul 2024117 Days
11 Mount Wise, Launceston, Cornwall, PL15 9AT£250,000£250,000£030 Jan 202422 Jul 2024174 Days
1 Sladesmoor Cottages, St Giles On The Heath, Launceston, Devon, PL15 9SA£350,000£350,000£012 Mar 202418 Jul 2024128 Days
Flat 6, Castle Keep, Castle Dyke, Launceston, Cornwall, PL15 8AY£79,950£79,950£007 Feb 202411 Jul 2024155 Days
6 North Street, Launceston, Cornwall, PL15 8HF£259,950£248,000-£11,95018 Oct 202323 May 2024218 Days
9 Garcia Terrace, Launceston, Cornwall, PL15 9BY£180,000£175,000-£5,00018 Jan 202417 May 2024120 Days
4b, Bluebell Way, Launceston, Cornwall, PL15 9JU£199,950£199,950£009 Feb 202426 Apr 202477 Days
20 Westgate Mews, Launceston, Cornwall, PL15 7AZ£87,000£85,000-£2,00012 Sep 202322 Apr 2024223 Days
9a, Duke Street, Launceston, Cornwall, PL15 8HD£265,000£260,000-£5,00010 Nov 202304 Apr 2024146 Days

Most Expensive Streets in PL15 (Launceston)

PostcodeStreetAreaAverageNo. of Sales
PL15 7RNAltarnunLaunceston£1,091,6663
PL15 9PELawhittonLaunceston£701,2504
PL15 9PPLezantLaunceston£661,5003
PL15 7SYAltarnunLaunceston£640,0003
PL15 8PSSt CletherLaunceston£638,3333
PL15 7ELTrebursye RoadLaunceston£601,8754
PL15 7ETTrebursyeLaunceston£557,6663
PL15 7LQSouth PetherwinLaunceston£551,6663
PL15 8RLTrelashLaunceston£540,0005
PL15 8UWCanworthy WaterLaunceston£538,2496

Least Expensive Streets in PL15 (Launceston)

PostcodeStreetAreaAverageNo. of Sales
PL15 8XAMarket Court, Market Street, LauncestonLaunceston£64,7005
PL15 8ERHigh StreetLaunceston£75,6254
PL15 7AZWestgate MewsLaunceston£82,80010
PL15 8BGTower StreetLaunceston£89,0004
PL15 8AYCastle DykeLaunceston£92,5905
PL15 8ATChurch Stile House, Church StileLaunceston£99,0005
PL15 9DHSouthernhayeLaunceston£111,2254
PL15 9DRManaton Court, Dunheved RoadLaunceston£111,34213
PL15 8QSProuts CourtLaunceston£114,6005
PL15 8BJWooda RoadLaunceston£117,2857

Explore PL15 (Launceston) using map

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