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House Prices in PL15 House Prices in PL15 (Launceston)

The average house price in PL15 (Launceston) is £321,453 using HM Land Registry data.

The average property price increased by £52,382 (27.99%) over the last 5 years and increased by £10,496 (4.17%) over the last 12 months.

Over the last year, there were 218 residential property sales – a decrease of 45 transactions (-20.64%) relative to the previous year. The majority of house sales (51) were in the £250,000 - £320,000 range. Then came properties in the £180,000 - £250,000 range, where 47 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 225 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,969 (-3%).

In March 2025, there were 68 new estate agency instructions, 36 agreed home sales and 24 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) - March 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
116 Robin Drive, Launceston, Cornwall, PL15 9LN£219,950£219,950£009 Nov 202414 Feb 202597 Days
Chyanbre, Hill Park Road, Polyphant, Launceston, Cornwall, PL15 7PT£595,000£585,000-£10,00012 Sep 202406 Feb 2025147 Days
9 Dorset Park, Boyton, Launceston, Cornwall, PL15 9RF£520,000£516,000-£4,00023 Sep 202421 Jan 2025120 Days
11 Highfield Park Road, Launceston, Cornwall, PL15 7DX£255,000£242,000-£13,00003 Sep 202403 Jan 2025122 Days
29 Roydon Lane, Lanstephan, Launceston, Cornwall, PL15 8NG£199,950£195,000-£4,95010 Jul 202403 Jan 2025177 Days
10 Well Meadow, Egloskerry, Launceston, Cornwall, PL15 8SS£335,000£335,000£029 Oct 202418 Dec 202450 Days
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
1a, Todda Close, Bolventor, Launceston, Cornwall, PL15 7FP£325,000£320,000-£5,00024 May 202429 Nov 2024189 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

Most Expensive Streets in PL15 (Launceston)

PostcodeStreetAreaAverageNo. of Sales
PL15 7RNAltarnunLaunceston£1,156,2504
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£537,7857

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£83,0009
PL15 8BGTower StreetLaunceston£90,3333
PL15 8ATChurch Stile House, Church StileLaunceston£99,0005
PL15 8AYCastle DykeLaunceston£101,9874
PL15 9DHSouthernhayeLaunceston£111,2254
PL15 9DRManaton Court, Dunheved RoadLaunceston£111,24614
PL15 8QSProuts CourtLaunceston£114,6666
PL15 8BJWooda RoadLaunceston£117,2857

Explore PL15 (Launceston) using map

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