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House Prices in PL15

The average house price in PL15 (Launceston) is £168,151 using HM Land Registry data.

The average property price increased by £10,038 (3.47%) over the last 5 years and increased by £2,007 (0.68%) over the last 12 months.

Over the last year, there were 200 residential property sales – a decrease of 86 transactions (-43.00%) relative to the previous year. The majority of house sales (53) were in the £120,000 - £204,000 range. Then came properties in the £204,000 - £288,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,080 (-3%).

In Apr 2026, there were 74 new estate agency instructions, 28 agreed home sales and 59 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) - Apr 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
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
4 Prouts Court, Tavistock Road, Launceston, PL15 8QS	£115,000	£98,000	-£17,000	04 May 2025	16 Jan 2026	257 Days
4 St Keri Court, Egloskerry, Launceston, PL15 8RS	£200,000	£190,000	-£10,000	30 May 2025	15 Jan 2026	230 Days
Vestry, Way Cross Hill, North Hill, Launceston, PL15 7PG	£175,000	£170,000	-£5,000	18 Jul 2025	16 Dec 2025	151 Days
43 St Marys Road, Lanstephan, Launceston, PL15 8JR	£157,500	£146,000	-£11,500	18 Apr 2025	10 Dec 2025	236 Days
Windy Ridge, Callington Road, Lewannick, Launceston, PL15 7QF	£375,000	£365,000	-£10,000	06 Feb 2025	05 Dec 2025	302 Days
14 Barley Rise, Launceston, PL15 9GS	£240,000	£240,000	£0	25 Jun 2025	05 Dec 2025	163 Days
28 Kensey Valley Meadow, Launceston, PL15 9NB	£399,950	£399,950	£0	18 Jun 2025	04 Dec 2025	169 Days
10 Hurdon Road, Launceston, PL15 9DB	£220,000	£208,000	-£12,000	03 May 2025	03 Dec 2025	214 Days
Ashdown House, Tavistock Road, Launceston, PL15 9HG	£625,000	£585,000	-£40,000	13 Jul 2025	27 Nov 2025	137 Days
The Heights, Windmill Hill, Launceston, PL15 9AG	£775,000	£765,000	-£10,000	05 Jun 2025	27 Nov 2025	175 Days
4 Higher Daws Lane, South Petherwin, Launceston, PL15 7JS	£389,950	£385,000	-£4,950	02 Jun 2025	26 Nov 2025	177 Days
6 Foxglove Close, Kensey Park, Launceston, PL15 9JT	£229,950	£215,000	-£14,950	30 Apr 2025	24 Nov 2025	208 Days
Willow Villa, B3254 Between Tiny Meadows And Hendra Lane, South Petherwin, Launceston, PL15 7JA	£189,950	£182,500	-£7,450	22 Mar 2025	14 Nov 2025	237 Days
1 Green Ridges, Windmill Hill, Launceston, PL15 9TF	£550,000	£530,000	-£20,000	28 Apr 2025	14 Nov 2025	200 Days
La Casita, Alexandra Terrace, Race Hill, Launceston, PL15 9BD	£325,000	£305,000	-£20,000	01 Jul 2025	07 Nov 2025	129 Days
3 Buttercup Meadow, Launceston, PL15 9GB	£229,950	£225,000	-£4,950	05 Mar 2025	17 Oct 2025	226 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 7EL	Trebursye Road	Launceston	£574,166	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

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 7AZ	Westgate Mews, Dockey	Launceston	£81,653	13
PL15 8ER	High Street	Launceston	£84,625	4
PL15 8BG	Tower Street	Launceston	£90,333	3
PL15 8AT	Church Stile Flats, Church Stile	Launceston	£99,500	4
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