Penhole Drive, Launceston house prices are built from 41 sales lodged with HM Land Registry, the oldest in 2013 and the most recent on 17 Dec 2025. The median price paid across the whole record is £150,000.
Median price paid
£150,000
Median per m²
£2,273
HM Land Registry41 sales21 with floor areaLatest sale 17 Dec 2025
Section 01
How Penhole Drive, Launceston prices moved
The chart tracks the median Penhole Drive, Launceston house price for every year with a recorded sale, from 2013 to 2017. The dashed line restates each year in 2026 money, so the two lines separate exactly as much as inflation has eroded the cash figure.
| Decade | Years with sales | Median paid | In today's money |
|---|---|---|---|
| 2010s | 3 | £138,750 | £195,638 |
The highest yearly median on record for Penhole Drive, Launceston is £145,000 in 2017; the lowest is £125,000 in 2013. Across the full 5-year record the cash median has moved from £125,000 to £145,000.
In 2026 money that first median is worth £182,265, so the real change over the whole record is +8.3% — about +2.01% a year after inflation. Cash growth and real growth are not the same story, and the gap is the part most price reports leave out.
Section 02
The most recent sales
Every row is a completed sale as lodged with HM Land Registry. The right-hand column restates the price in 2026 money, which is the only fair way to compare a sale from the 1990s with one from last year.
| Address | Sold | Type | Price paid | In today's money |
|---|---|---|---|---|
| 31 | 17 Dec 2025 | Semi-detached | £204,000 | £208,435 |
| 3 | 23 May 2025 | Terraced | £257,000 | £262,587 |
| 38 | 4 Aug 2023 | Terraced | £240,000 | £259,310 |
| 22 | 15 May 2023 | Terraced | £215,000 | £232,299 |
| 12 | 12 Dec 2022 | Flat or maisonette | £152,000 | £176,105 |
| 29 | 31 Aug 2022 | Semi-detached | £240,100 | £278,177 |
| 3 | 10 Dec 2021 | Terraced | £232,500 | £293,750 |
| 14 | 9 Dec 2021 | Terraced | £195,000 | £246,371 |
| 19 | 9 Jul 2021 | Semi-detached | £166,000 | £209,731 |
| 31 | 29 Mar 2021 | Semi-detached | £181,500 | £229,315 |
| 14 | 3 Apr 2020 | Terraced | £183,000 | £236,942 |
| 38 | 24 May 2019 | Terraced | £190,000 | £248,516 |
| 36 | 21 Jun 2018 | Terraced | £127,500 | £169,920 |
| 28 | 15 Dec 2017 | Terraced | £152,500 | £207,553 |
| 36 | 15 Nov 2017 | Terraced | £143,000 | £194,624 |
| 17 | 20 Oct 2017 | Detached | £135,834 | £184,871 |
| 22 | 3 Oct 2017 | Terraced | £145,000 | £197,346 |
| 20 | 28 Jul 2017 | Terraced | £175,000 | £238,176 |
| 20 | 11 Aug 2014 | Terraced | £150,000 | £215,158 |
| 14 | 27 Jun 2014 | Terraced | £155,000 | £222,330 |
| 30 | 27 Jun 2014 | Terraced | £150,000 | £215,158 |
| 22 | 27 Jun 2014 | Terraced | £128,000 | £183,601 |
| 28 | 27 Jun 2014 | Terraced | £126,500 | £181,450 |
| 24 | 27 Jun 2014 | Terraced | £125,000 | £179,298 |
| 26 | 27 Jun 2014 | Terraced | £125,000 | £179,298 |
Section 03
Homes that sold twice
These addresses appear in the register more than once, so the same bricks are being priced twice. That makes them the strongest evidence of what actually happened to Penhole Drive, Launceston values — no mix of property types can flatter the number.
| Address | First recorded sale | Most recent sale | Cash a year | Real a year |
|---|---|---|---|---|
| 31 Penhole Drive | £149,500 (2014) | £204,000 (2025) | +2.9% | -0.3% |
| 3 Penhole Drive | £170,000 (2013) | £257,000 (2025) | +3.5% | +0.5% |
| 38 Penhole Drive | £170,000 (2014) | £240,000 (2023) | +3.9% | +0.7% |
| 22 Penhole Drive | £128,000 (2014) | £215,000 (2023) | +5.9% | +2.6% |
| 12 Penhole Drive | £94,500 (2014) | £152,000 (2022) | +6.1% | +3.3% |
| 29 Penhole Drive | £150,000 (2014) | £240,100 (2022) | +6.1% | +3.3% |
| 14 Penhole Drive | £155,000 (2014) | £195,000 (2021) | +3.3% | +1.5% |
| 19 Penhole Drive | £125,000 (2013) | £166,000 (2021) | +3.6% | +1.8% |
| 36 Penhole Drive | £125,000 (2014) | £127,500 (2018) | +0.5% | -1.3% |
| 28 Penhole Drive | £126,500 (2014) | £152,500 (2017) | +6.4% | +4.6% |
| 20 Penhole Drive | £150,000 (2014) | £175,000 (2017) | +5.3% | +3.4% |
Section 04
What sells here
The mix of property types explains a large part of any area's median. Penhole Drive, Launceston is dominated by the type at the top of this table, so its overall median leans that way.
| Property type | Sales | Share | Median paid | Range |
|---|---|---|---|---|
| Terraced | 30 | 73.2% | £150,000 | £120,000 – £257,000 |
| Semi-detached | 8 | 19.5% | £150,000 | £125,000 – £240,100 |
| Flat or maisonette | 2 | 4.9% | £94,500 | £94,500 – £152,000 |
| Detached | 1 | 2.4% | £135,834 | £135,834 – £135,834 |
Section 06
Ownership and new build in Penhole Drive, Launceston
0 of the sales on record are leasehold and 41 freehold — 0.0% of the market. Tenure is not a detail: a leasehold flat and a freehold house are different assets, and mixing them into one median hides the difference.
| Category | Sales | Share | Median paid |
|---|---|---|---|
| Leasehold | 0 | 0.0% | — |
| Freehold | 41 | 100.0% | £150,000 |
| New build | 22 | 53.7% | £127,250 |
| Existing home | 19 | 46.3% | £181,500 |
New builds sold for less than the median existing home — -29.9%. A new-build premium is normal: the buyer gets a warranty and nothing to fix, and the price is set by a developer rather than negotiated between two households.
A further 5 transfers for this area are on the register but are left out of every figure above. HM Land Registry marks them as additional price paid entries: repossessions, buy-to-let portfolio moves, transfers between companies or family, and sales at a discount such as right to buy. They are real records but they are not open-market prices, and including them would drag the median somewhere no buyer ever paid.
Section 07
Living in Penhole Drive, Launceston
Every certificate carries an energy efficiency band as well as a floor area. Across Cornwall, 37.4% of 321,040 certificates sit in bands A to C, and 14.2% in F or G — the bands that cost the most to heat and are hardest to mortgage.
| Energy band | Certificates | Share |
|---|---|---|
| A | 3,287 | 1.0% |
| B | 36,937 | 11.5% |
| C | 79,827 | 24.9% |
| D | 92,894 | 28.9% |
| E | 62,653 | 19.5% |
| F | 32,170 | 10.0% |
| G | 13,272 | 4.1% |
The Office for National Statistics puts the mean private rent in Cornwall at £1,005 a month as of Jun 2026 — £692 for a one-bedroom home and £1,082 for three bedrooms.
Against the median sale of £150,000 here, that rent is a gross yield of 8.04% a year. It is a measured figure rather than an assumption: a real local rent over a real local price, before any cost of ownership.
Police forces publish every recorded street-level crime. Within a mile of the centre of PL15, 2 crimes were recorded in Jun 2026: 1 violent, 0 burglary, 0 vehicle-related and 0 anti-social behaviour. The median postcode district in this archive recorded 167 in the same month, so this one is 83.5 times quieter.
Against the 570,305 residents the 2021 census counted in Cornwall, that is 0.00 recorded crimes per thousand people in the month. The count covers a mile around the district centre while the population covers the whole council, so read the rate as an order of magnitude rather than a precise figure.
A count is not a rate. A district with shops and a station records more crime than a residential one of the same size, because more people pass through it. Read this next to the median, not on its own.
Section 08
The neighbourhood around Penhole Drive, Launceston
The 2021 census counted 570,305 residents in Cornwall across 250,533 households. 67.4% of those households own their home and 32.5% rent — a split the sold record cannot show, because only owners appear in it.
17 state and independent schools have a PL15 postcode: 16 primary, 1 secondary. Catchment areas do not follow postcodes, so treat this as what is nearby rather than what a child would be offered.
| School | Phase | Type | Pupils |
|---|---|---|---|
| Launceston College | Secondary | Academy converter | 1,205 |
| St Catherine's CofE Primary School | Primary | Academy converter | 222 |
| Tregadillett Primary School | Primary | Foundation school | 206 |
| St Stephens Community Academy | Primary | Academy converter | 199 |
| Windmill Hill Academy | Primary | Academy converter | 162 |
| South Petherwin Community Primary School | Primary | Foundation school | 114 |
| Launceston Primary School | Primary | Free schools | 101 |
| St Giles-on-the-Heath Community School | Primary | Community school | 100 |
| Lewannick Community Primary School | Primary | Academy converter | 85 |
| Egloskerry Primary School | Primary | Academy converter | 79 |
| Station | Mode | Distance from the district centre |
|---|---|---|
| Gunnislake Rail Station | Rail | 18.1 km |
| Calstock Rail Station | Rail | 20.1 km |
| Liskeard Rail Station | Rail | 21.3 km |
| Bere Alston Rail Station | Rail | 21.5 km |
Section 09
How Penhole Drive, Launceston compares
The median across the whole archive is £157,500. Penhole Drive, Launceston sits below that national figure — -4.8%.
Within Launceston the street ranks 145 of 276 by median price, and its median is below the town figure of £160,000 (-6.3%).
Where an EPC floor area could be matched to the sale, the median works out at £2,273 per square metre, across 21 of the 41 sales on record. Price per square metre is the only figure that compares a two-bed flat with a four-bed house honestly.
The full range on record runs from £94,500 to £257,000. Extremes usually mean something unusual — a plot sold without a house on it, a transfer between family members, or a very large property — so the median is the number to trust.
Penhole Drive, Launceston sits in Cornwall, in the South West.
The Office for National Statistics puts the median home in Cornwall at 8.6 times median local earnings of £33,889 a year, measured to Sep 2025. Across England and Wales the same ratio is 7.6. That number, not the price alone, is what decides whether a place is within reach of the people who work in it.
Section 10
Nearby on the record
Streets nearby
- Kensey Valley Meadow£161,000 median
- Robin Drive£166,950 median
- Dunheved Road£165,000 median
- Snowdrop Crescent£175,500 median
- Tor View£133,000 median
- Tavistock Road£169,975 median
- St Johns Road£152,000 median
- Chestnut Drive£232,000 median
- St Thomas Road£83,000 median
- St Stephens Hill£181,500 median
- Trelinnoe Gardens£122,031 median
- Long Field Road£189,500 median
- Bluebell Way£169,498 median
- Kit Hill View£138,000 median
- Honeysuckle Gardens£164,000 median
- Market Street£59,000 median
Addresses with more than one recorded sale
- 31 Penhole Drive3 sales
- 3 Penhole Drive3 sales
- 38 Penhole Drive3 sales
- 22 Penhole Drive3 sales
- 14 Penhole Drive3 sales
- 36 Penhole Drive3 sales
- 12 Penhole Drive2 sales
- 29 Penhole Drive2 sales
- 19 Penhole Drive2 sales
- 28 Penhole Drive2 sales
- 20 Penhole Drive2 sales
Back to Launceston house prices.
Quick answers
Common questions about this data
What is the average house price in Penhole Drive, Launceston?
The median price paid in Penhole Drive, Launceston across every sale on the register is £150,000. The median is used rather than the mean because a handful of very large sales would otherwise drag the average away from what a typical buyer paid.
How many homes have sold in Penhole Drive, Launceston?
41 sales are on record for Penhole Drive, Launceston, the most recent completing on 17 Dec 2025. Every one is a completed transfer lodged with HM Land Registry, not an asking price or an estimate.
When were Penhole Drive, Launceston house prices at their highest?
The highest yearly median on record is £145,000, set in 2017. That is the cash figure; measured in 2026 money the peak may fall in a different year, because inflation reshapes the series.
What is the price per square metre in Penhole Drive, Launceston?
£2,273 per square metre, from the 21 sales where an EPC floor area could be matched to the address. Price per square metre strips out size, so a flat and a house can be compared on the same basis.
How current is this data?
The latest sale shown here completed on 17 Dec 2025. HM Land Registry publishes Price Paid Data monthly and a sale can take a month or two to appear after completion, so the most recent weeks are always incomplete.
Cite this page: Sold Price History, “Penhole Drive, Launceston house prices”, 2026. Source: HM Land Registry Price Paid Data © Crown copyright and database right, used under the Open Government Licence v3.0. Inflation adjustment: ONS CPIH.