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Launceston House Prices

The average house price in Launceston is £219,476 using HM Land Registry data.

The average property price decreased by £15,187 (-6.36%) over the last 5 years and decreased by £3,035 (-1.34%) over the last 12 months.

Over the last year, there were 112 residential property sales – a decrease of 8 transactions (-7.14%) relative to the previous year. The majority of house sales (31) were in the £160,000 - £220,000 range. Then came properties in the £100,000 - £160,000 range, where 26 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,015 (-3%).

In Nov 2025, there were 25 new estate agency instructions, 13 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in Launceston

-6.36%

Property prices in Launceston decreased by -6.36% 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 Launceston Over the Last Year

-1.34%

Property prices in Launceston decreased by -1.34% 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 Launceston - Nov 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 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 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 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 Launceston since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Launceston area since 1995.

Recent Property Sales in Launceston

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
43 St Marys Road, Lanstephan, Launceston, PL15 8JR	£157,500	£146,000	-£11,500	18 Apr 2025	10 Dec 2025	236 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
15 Tower Street, Launceston, PL15 8BQ	£125,000	£122,500	-£2,500	16 Jan 2025	03 Oct 2025	260 Days
20 Race Hill, Launceston, PL15 9BB	£149,950	£148,500	-£1,450	21 Mar 2025	02 Sep 2025	165 Days
5 Cleaverfield Mews, Launceston, PL15 8DD	£310,000	£300,000	-£10,000	27 Feb 2025	04 Aug 2025	158 Days
41 Highfield Park Road, Launceston, PL15 7DX	£359,950	£345,000	-£14,950	06 Feb 2025	31 Jul 2025	175 Days
22 Prince Philip Road, St Stephens, Launceston, PL15 8BZ	£165,000	£150,000	-£15,000	09 Dec 2024	03 Jul 2025	206 Days
44 Cross Lanes, St Stephens, Launceston, PL15 8JL	£212,000	£200,000	-£12,000	17 Sep 2024	13 Jun 2025	269 Days
10 Garcia Terrace, Race Hill, Launceston, PL15 9BY	£219,950	£215,000	-£4,950	27 Mar 2025	13 Jun 2025	78 Days
Boslowen, Ridgegrove Lane, St Stephens, Launceston, PL15 8EE	£250,000	£205,000	-£45,000	30 May 2025	02 Jun 2025	3 Days

Most Expensive Streets in Launceston

Postcode	Street	Area	Average	No. of Sales
PL15 7EL	Trebursye Road	Launceston	£601,875	4
PL15 9AG	Windmill Hill	Launceston	£453,750	4
PL15 8BW	Dockacre Road	Launceston	£444,683	3
PL15 9JQ	Dunheved Road	Launceston	£430,000	3
PL15 7GE	Treveglos Close	Lewannick	£407,491	6
PL15 7FL	Chapel Close	Launceston	£374,000	3
PL15 7HS	Dunheved Fields	Launceston	£371,916	6
PL15 9EE	Manaton Drive	Launceston	£370,833	3
PL15 9JG	Hendra Court	Dunheved Road	£367,466	3
PL15 9JE	Dunheved Road	Launceston	£366,357	7

Least Expensive Streets in Launceston

Postcode	Street	Area	Average	No. of Sales
PL15 8XA	Market Court	Market Street, Launceston	£68,625	4
PL15 7AZ	Westgate Mews	Dockey	£82,083	12
PL15 8ER	High Street	Launceston	£84,625	4
PL15 8AT	Church Stile Flats	Church Stile	£99,500	4
PL15 9DR	Manaton Court	Dunheved Road	£111,150	13
PL15 9DH	Southernhaye	Windmill Lane	£111,225	4
PL15 8QS	Prouts Court	Tavistock Road	£114,583	6
PL15 8AY	Castle Dyke	Launceston	£115,983	3
PL15 9EL	Prouts Mews	A388 Between Dockacre Road And Polson Bridge	£124,000	5
PL15 9HF	Tavistock Road	Launceston	£125,555	9