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House Prices in PL15

The average house price in PL15 (Launceston) is £335,062 using HM Land Registry data.

The average property price increased by £6,666 (3.47%) over the last 5 years and increased by £1,332 (0.68%) over the last 12 months.

Over the last year, there were 204 residential property sales – a decrease of 82 transactions (-40.20%) relative to the previous year. The majority of house sales (55) were in the £198,000 - £286,000 range. Then came properties in the £110,000 - £198,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 135 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,147 (-3%).

In Jun 2026, there were 60 new estate agency instructions, 54 agreed home sales and 51 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) - Jun 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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
11 Castle Meadows, Launceston, PL15 7DZ	£265,000	£260,000	-£5,000	27 Aug 2025	09 Apr 2026	225 Days
44 Prouts Way, Tregadillett, Launceston, PL15 7HT	£260,000	£250,000	-£10,000	19 Sep 2025	07 Apr 2026	200 Days
4 Prince Philip Road, St Stephens, Launceston, PL15 8BZ	£175,000	£168,000	-£7,000	06 Nov 2025	07 Apr 2026	152 Days
Flat 3, 2, High Street, Launceston, PL15 8ER	£65,500	£65,000	-£500	08 May 2025	31 Mar 2026	327 Days
20 Riverside Mills, Riverside, Launceston, PL15 8GX	£165,000	£163,000	-£2,000	12 Aug 2025	30 Mar 2026	230 Days
16 Woodvale Terrace, Race Hill, Launceston, PL15 9BN	£215,000	£207,500	-£7,500	19 Oct 2025	26 Mar 2026	158 Days
5 Sampson Close, Launceston, PL15 7GB	£269,950	£265,000	-£4,950	26 Sep 2025	25 Mar 2026	180 Days
Flat 1, Victoria House, Station Road, Launceston, PL15 8EG	£125,000	£112,500	-£12,500	02 Jul 2025	23 Mar 2026	264 Days
16 Grammers Park, Launceston, PL15 7FY	£325,000	£315,000	-£10,000	22 Aug 2025	20 Mar 2026	210 Days
90 Kensey Valley Meadow, Launceston, PL15 9TJ	£200,000	£195,000	-£5,000	06 Nov 2025	20 Mar 2026	134 Days
7 Delta Rho, Holmans Meadow, Lawhitton, Launceston, PL15 9NE	£399,950	£399,950	£0	02 Jul 2025	18 Mar 2026	259 Days
28 Chestnut Drive, Launceston, PL15 9GP	£122,500	£122,500	£0	14 Aug 2025	11 Mar 2026	209 Days
80 Chestnut Drive, Launceston, PL15 9GP	£140,000	£140,000	£0	18 Nov 2025	05 Mar 2026	107 Days
10 Riverside Mills, Riverside, Launceston, PL15 8GX	£278,000	£269,000	-£9,000	20 Apr 2025	04 Mar 2026	318 Days
4 Oak Moor Drive, Launceston, PL15 9FA	£175,000	£172,000	-£3,000	20 Aug 2025	25 Feb 2026	189 Days
8 Chough Close, Kensey Park, Launceston, PL15 9JZ	£385,000	£375,000	-£10,000	10 Sep 2025	20 Feb 2026	163 Days
2 The Terrace, Mill Lane, Bathpool, Launceston, PL15 7NW	£230,000	£222,500	-£7,500	01 Sep 2025	19 Feb 2026	171 Days
19 Tower Street, Launceston, PL15 8BQ	£120,000	£117,250	-£2,750	05 Sep 2025	17 Feb 2026	165 Days
21 Woburn Road, Launceston, PL15 7HH	£325,000	£320,000	-£5,000	12 Jan 2026	13 Feb 2026	32 Days
21 Roydon Lane, St Stephens, Launceston, PL15 8NG	£135,000	£133,500	-£1,500	02 Jul 2025	02 Feb 2026	215 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 7LZ	Penhole Road, Coads Green	Launceston	£645,833	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 8RL	Access To Cardew Farm, Warbstow	Launceston	£548,000	5
PL15 8QF	Pool Road, Trewen	Launceston	£546,250	4
PL15 9PH	Trekenner, Lezant	Launceston	£525,500	4

Least Expensive Streets in PL15 (Launceston)

Postcode	Street	Area	Average	No. of Sales
PL15 8XA	Market Court, Market Street, Launceston	Launceston	£68,625	4
PL15 8ER	High Street	Launceston	£79,625	4
PL15 7AZ	Westgate Mews, Dockey	Launceston	£81,653	13
PL15 8BG	Tower Street	Launceston	£90,333	3
PL15 8AT	Church Stile Flats, Church Stile	Launceston	£104,666	3
PL15 9DR	Manaton Court, Dunheved Road	Launceston	£111,150	13
PL15 9DH	Southernhaye, Windmill Lane	Launceston	£111,225	4
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