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House Prices in PL15 House Prices in PL15 (Launceston)

The average house price in PL15 (Launceston) is £255,977 using HM Land Registry data.

The average property price increased by £57,719 (27.99%) over the last 5 years and increased by £11,565 (4.17%) over the last 12 months.

Over the last year, there were 185 residential property sales – a decrease of 97 transactions (-52.43%) relative to the previous year. The majority of house sales (48) were in the £182,000 - £254,000 range. Then came properties in the £254,000 - £326,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 102 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,297 (-2%).

In Oct 24, there were 48 new estate agency instructions, 38 agreed home sales and 34 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 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 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) - Oct 24

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
42 Dunheved Road, Launceston, Cornwall, PL15 9JQ£425,000£425,000£0028 Mar 202413 Aug 2024138 Days
13 Dutson Road, Launceston, Cornwall, PL15 8DY£375,000£375,000£0020 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£0027 Mar 202422 Jul 2024117 Days
11 Mount Wise, Launceston, Cornwall, PL15 9AT£250,000£250,000£0030 Jan 202422 Jul 2024174 Days
1 Sladesmoor Cottages, St Giles On The Heath, Launceston, Devon, PL15 9SA£350,000£350,000£0012 Mar 202418 Jul 2024128 Days
Flat 6, Castle Keep, Castle Dyke, Launceston, Cornwall, PL15 8AY£79,950£79,950£0007 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£0009 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
1 Beacon View, Lewannick, Launceston, Cornwall, PL15 7FE£147,500£90,000-£57,50019 May 201202 Apr 20244336 Days
14 Westgate Mews, Launceston, Cornwall, PL15 7AZ£95,000£92,500-£2,50002 Feb 202428 Mar 202455 Days
3 Trecarrell, Launceston, Cornwall, PL15 9DE£230,000£217,500-£12,50002 Jan 202419 Mar 202477 Days
12 Penworth Close, Launceston, Cornwall, PL15 9TG£318,000£300,000-£18,00001 Nov 202319 Mar 2024139 Days
9 Causley Close, Launceston, Cornwall, PL15 8XN£135,000£131,000-£4,00026 Sep 202306 Mar 2024162 Days
6 Duke Terrace, Launceston, Cornwall, PL15 8HJ£299,950£285,000-£14,95020 Oct 202323 Feb 2024126 Days
2 Church View, Lezant, Launceston, Cornwall, PL15 9PW£525,000£520,000-£5,00003 Nov 202315 Feb 2024104 Days
14 Hollies Road, Launceston, Cornwall, PL15 8HB£299,950£295,000-£4,95031 Aug 202311 Jan 2024133 Days

Most Expensive Streets in PL15 (Launceston)

PostcodeStreetAreaAverageNo. of Sales
PL15 7RNAltarnunLaunceston£1,091,6663
PL15 9PELawhittonLaunceston£701,2504
PL15 9PPLezantLaunceston£661,5003
PL15 8PSSt CletherLaunceston£638,3333
PL15 7ELTrebursye RoadLaunceston£589,1663
PL15 8QYTresmeerLaunceston£580,0003
PL15 8NHYeolmbridgeLaunceston£576,6663
PL15 9NNPenscombe Barns, LezantLaunceston£560,0004
PL15 7ETTrebursyeLaunceston£557,6663
PL15 8RLTrelashLaunceston£556,2504

Least Expensive Streets in PL15 (Launceston)

PostcodeStreetAreaAverageNo. of Sales
PL15 8XAMarket Court, Market Street, LauncestonLaunceston£67,2506
PL15 8ERHigh StreetLaunceston£75,6254
PL15 7AZWestgate MewsLaunceston£82,7779
PL15 8BGTower StreetLaunceston£89,0004
PL15 8AYCastle DykeLaunceston£92,5905
PL15 8ATChurch Stile House, Church StileLaunceston£98,7504
PL15 9DHSouthernhayeLaunceston£104,3505
PL15 8QSProuts CourtLaunceston£110,0006
PL15 9DRManaton Court, Dunheved RoadLaunceston£111,96014
PL15 8BXSt Thomas RoadLaunceston£116,1666

Explore PL15 (Launceston) using map

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