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Launceston House Prices Launceston House Prices

The average house price in Launceston is £223,112 using HM Land Registry data.

The average property price increased by £63,083 (33%) over the last 5 years and increased by £12,608 (5.22%) over the last 12 months.

Over the last year, there were 92 residential property sales – a decrease of 106 transactions (-115.22%) relative to the previous year. The majority of house sales (25) were in the £162,000 - £214,000 range. Then came properties in the £110,000 - £162,000 range, where 21 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,297 (-2%).

In April 2024, there were 29 new estate agency instructions, 7 agreed home sales and 12 property price reductions.

Postcodes Covered: PL15

5-Year Average Property Prices in Launceston

33%

Property prices in Launceston increased by 33% 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

5.22%

Property prices in Launceston increased by 5.22% 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 Launceston - April 2024

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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Duke Terrace, Launceston, Cornwall, PL15 8HJ£299,950£285,000-£14,95020 Oct 202323 Feb 2024126 Days
14 Hollies Road, Launceston, Cornwall, PL15 8HB£299,950£295,000-£4,95031 Aug 202311 Jan 2024133 Days
18 Prouts Court, Launceston, Cornwall, PL15 8QS£125,000£115,000-£10,00016 Jun 202311 Jan 2024209 Days
5 Hendra Park, Launceston, Cornwall, PL15 7JR£315,000£295,000-£20,00018 Aug 202307 Dec 2023111 Days
33 Tower Street, Launceston, Cornwall, PL15 8BQ£135,000£129,950-£5,05019 Aug 202301 Dec 2023104 Days
1a, Ridgegrove Lane, Launceston, Cornwall, PL15 8EE£250,000£250,000£0009 Aug 202324 Nov 2023107 Days
61 Prince Philip Road, Launceston, Cornwall, PL15 8BZ£139,950£130,000-£9,95017 May 202306 Nov 2023173 Days
12 Dunheved Fields, Launceston, Cornwall, PL15 7HS£375,000£365,000-£10,00024 Jul 202310 Oct 202378 Days
2 St Marys Road, Lanstephan, Launceston, Cornwall, PL15 8JN£210,000£208,000-£2,00028 Mar 202325 Sep 2023181 Days
4 Penworth Close, Launceston, Cornwall, PL15 9TG£335,000£130,000-£205,00010 Mar 202023 Aug 20231261 Days
54 Broad Park, Launceston, Cornwall, PL15 8DT£235,000£230,000-£5,00006 Jun 202315 Aug 202370 Days
1 Treveglos Close, Lewannick, Launceston, Cornwall, PL15 7GE£419,950£419,950£0018 Mar 202311 Aug 2023146 Days
89 St Johns Road, Launceston, Cornwall, PL15 7DE£295,000£295,000£0015 May 202304 Aug 202381 Days
46 St Johns Road, Launceston, Cornwall, PL15 7DD£274,950£267,300-£7,65003 Feb 202304 Aug 2023182 Days
Flat 15, Market Court, Market Street, Launceston, Cornwall, PL15 8XA£68,000£68,000£0024 Mar 202331 Jul 2023129 Days
29 Priory Park Road, Launceston, Cornwall, PL15 8JD£200,000£192,000-£8,00005 Apr 202324 Jul 2023110 Days
24 St Stephens Hill, Launceston, Cornwall, PL15 8HN£239,950£235,000-£4,95006 Apr 202321 Jul 2023106 Days
31 Dunheved Road, Launceston, Cornwall, PL15 9JF£465,000£465,000£0021 Mar 202319 Jul 2023120 Days
11 The Beeches, Launceston, Cornwall, PL15 9DL£199,950£185,000-£14,95026 Dec 202228 Jun 2023184 Days
11 Higher Cleaverfield, Launceston, Cornwall, PL15 8EB£139,950£133,000-£6,95004 Nov 202228 Jun 2023236 Days

Most Expensive Streets in Launceston

PostcodeStreetAreaAverageNo. of Sales
PL15 7ELTrebursye RoadLaunceston£549,3754
PL15 9AGWindmill HillLaunceston£500,0005
PL15 7FRChapel DriveLaunceston£426,7857
PL15 9EEManaton DriveLaunceston£370,8333
PL15 9JGHendra CourtDunheved Road£367,4663
PL15 8HPSt Stephens HillLaunceston£360,0003
PL15 8HAUnderhayes LaneLaunceston£352,3333
PL15 7HSDunheved FieldsLaunceston£351,6427
PL15 9HATavistock RoadLaunceston£346,5003
PL15 9EZEdymead GardensLaunceston£345,8333

Least Expensive Streets in Launceston

PostcodeStreetAreaAverageNo. of Sales
PL15 8ERHigh StreetLaunceston£66,0003
PL15 8XAMarket CourtMarket Street, Launceston£67,2506
PL15 7AZWestgate MewsLaunceston£83,9005
PL15 8BGTower StreetLaunceston£85,3333
PL15 9EJKensey PlaceLaunceston£93,5003
PL15 8AYCastle DykeLaunceston£95,7504
PL15 8ATChurch Stile HouseChurch Stile£98,7504
PL15 9DHSouthernhayeLaunceston£104,3505
PL15 8BXSt Thomas RoadLaunceston£105,3336
PL15 8QSProuts CourtLaunceston£110,0006

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