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House Prices in PL15

The average house price in PL15 (Launceston) is £254,875 using HM Land Registry data.

The average property price increased by £10,328 (3.47%) over the last 5 years and increased by £2,065 (0.68%) over the last 12 months.

Over the last year, there were 224 residential property sales – a decrease of 68 transactions (-30.36%) relative to the previous year. The majority of house sales (60) were in the £194,000 - £278,000 range. Then came properties in the £110,000 - £194,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 72 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,330 (-3%).

In Aug 2026, there were 44 new estate agency instructions, 46 agreed home sales and 33 property price reductions.

5-Year Average Property Prices in PL15 (Launceston)

3.47%

Property prices in PL15 (Launceston) increased by 3.47% 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

0.68%

Property prices in PL15 (Launceston) increased by 0.68% 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.

Property Market Heat Gauge for PL15 (Launceston) - Aug 2026

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Penhole Drive, Launceston, PL15 9FH	£119,000	£119,000	£0	27 Oct 2025	17 Jul 2026	263 Days
4 Tredydan Road, Launceston, PL15 8HY	£199,950	£190,000	-£9,950	05 Sep 2025	14 Jul 2026	312 Days
45 Woburn Road, Launceston, PL15 7HJ	£345,000	£335,000	-£10,000	07 Dec 2025	02 Jul 2026	207 Days
3 Chapel Drive, Chapel Park, Launceston, PL15 7FR	£550,000	£535,000	-£15,000	17 Mar 2026	02 Jul 2026	107 Days
7 Exeter Court, Exeter Street, Launceston, PL15 9TQ	£130,000	£128,000	-£2,000	31 Mar 2026	30 Jun 2026	91 Days
2 Ranch View, Chapel Park, Launceston, PL15 7DH	£234,950	£227,000	-£7,950	23 Sep 2025	29 Jun 2026	279 Days
3c, Bluebell Way, Launceston, PL15 9JU	£200,000	£187,000	-£13,000	26 Jun 2026	26 Jun 2026	0 Days
5 Crabbs Close, Launceston, PL15 9TA	£175,000	£154,000	-£21,000	11 Aug 2025	26 Jun 2026	319 Days
39 Penpont View, Altarnun, Launceston, PL15 7RY	£175,000	£172,000	-£3,000	21 Aug 2025	25 Jun 2026	308 Days
Fairfields Cottage, Lower Tregunnon, Altarnun, Launceston, PL15 7SX	£590,000	£575,000	-£15,000	19 Jun 2026	19 Jun 2026	0 Days
51 Long Field Road, Launceston, PL15 9FW	£249,950	£245,000	-£4,950	11 Nov 2025	12 Jun 2026	213 Days
93 St Johns Road, Launceston, PL15 7DE	£255,000	£250,000	-£5,000	04 Nov 2025	21 May 2026	198 Days
32 Snowdrop Crescent, Kensey Park, Launceston, PL15 9JA	£325,000	£320,000	-£5,000	30 Aug 2025	08 May 2026	251 Days
27 Barley Rise, Launceston, PL15 9GS	£220,000	£220,000	£0	17 Sep 2025	07 May 2026	232 Days
26 Chestnut Drive, Launceston, PL15 9GP	£129,500	£129,500	£0	07 Jan 2026	06 May 2026	119 Days
Rudona, Pool Road, Trewen, Launceston, PL15 8QR	£350,000	£335,000	-£15,000	10 Aug 2025	06 May 2026	269 Days
62 Tor View, Tregadillett, Launceston, PL15 7HB	£199,995	£187,000	-£12,995	01 Jul 2025	01 May 2026	304 Days
4 Tor View, Tregadillett, Launceston, PL15 7HB	£229,950	£215,000	-£14,950	15 Oct 2025	30 Apr 2026	197 Days
66 Robin Drive, Launceston, PL15 9LN	£220,000	£215,000	-£5,000	15 Jan 2026	24 Apr 2026	99 Days
11 Church Lea, St Stephens, Launceston, PL15 8QZ	£400,000	£375,000	-£25,000	29 Jan 2026	23 Apr 2026	84 Days

Most Expensive Streets in PL15 (Launceston)

Postcode	Street	Area	Average	No. of Sales
PL15 9PE	Lawhitton	Launceston	£730,000	5
PL15 9SF	Road Past St Giles Church	Launceston	£710,000	3
PL15 9NX	Rezare	Launceston	£614,285	7
PL15 9NN	Penscombe Barns, Lezant	Launceston	£587,500	6
PL15 7SY	Trethinna Hill, Altarnun	Launceston	£575,000	3
PL15 8UW	Canworthy Water	Launceston	£552,716	9
PL15 7LZ	Penhole Road, Coads Green	Launceston	£549,375	4
PL15 8RL	Access To Cardew Farm, Warbstow	Launceston	£548,000	5
PL15 8QF	Pool Road, Trewen	Launceston	£546,250	4
PL15 8LR	Church Hill	Launceston	£527,900	5

Least Expensive Streets in PL15 (Launceston)

Postcode	Street	Area	Average	No. of Sales
PL15 8XA	Market Court, Market Street, Launceston	Launceston	£70,000	4
PL15 7AZ	Westgate Mews, Dockey	Launceston	£79,269	13
PL15 8ER	High Street	Launceston	£79,625	4
PL15 9DH	Southernhaye, Windmill Lane	Launceston	£98,300	3
PL15 8AT	Church Stile Flats, Church Stile	Launceston	£104,666	3
PL15 9DR	Manaton Court, Dunheved Road	Launceston	£110,037	12
PL15 8QS	Prouts Court, Tavistock Road	Launceston	£112,214	7
PL15 8AY	Castle Dyke	Launceston	£115,983	3
PL15 9EL	Prouts Mews, A388 Between Dockacre Road And Polson Bridge	Launceston	£122,500	6
PL15 9HF	Tavistock Road	Launceston	£125,555	9