PL15 8LB

St. Stephens, Launceston, Cornwall, South West

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PL15 8LBHouse Prices / South West, Cornwall, St. Stephens, Launceston

Name: PL15 8LB
Address: PL15 8LB, Cornwall, South West, PL15 8LB, United Kingdom

Last updated May 2026

Key Postcode Insights

PL15 8LB is a residential postcode situated on St. Stephens, Launceston, PL15 with 3 addresses.

It ranks as the 124th largest and 873rd most expensive of the 881 postcodes in the PL15 area. The dominant property type is a modern house built after 1980.

The postcode contains a total of 3 properties: 3 houses.

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Key Postcode Insights

PL15 8LB is a residential postcode situated on St. Stephens, Launceston, PL15 with 3 addresses.

It ranks as the 124th largest and 873rd most expensive of the 881 postcodes in the PL15 area. The dominant property type is a modern house built after 1980.

The postcode contains a total of 3 properties: 3 houses.

Properties

Houses

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House Pricesin PL15 8LB

Sale prices range from £784,487 for 5 bedroom freehold houses with a garden (2,421 ft²) to £904,382 for 5 bedroom freehold houses with a garden (3,121 ft²) .

Monthly rental prices range from £2,264 pcm for 5 bed houses to £2,610 pcm for 5 bed houses.

The gross rental yield is between 3.5% and 3.5%.

The average value per square foot is £320.

Average Sale Value

£828,976

Average Rental Value

£2,392 pcm

Average Rental Yield

3.5% /year

Average Value Per Sqft

£320 /ft²

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Prices last updated 1st May 2026

Sales Market Trendsin PL15 8LB

The last sale in PL15 8LB sold for £950,000 on 1st August 2025. Since then prices are up an average of 63.5%.

The current average value in the postcode is £828,976.
The PL15 8LB Sales Market has increased by 48.1% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	2.7%	£828,976
April 2025	-1.4%	£807,232
April 2024	-1.4%	£818,445
April 2023	4.7%	£830,184
April 2022	8.5%	£793,031
April 2021	13.5%	£730,914
April 2020	-0.4%	£643,975
April 2019	3.7%	£646,665
April 2018	6.4%	£623,852
April 2017	4.7%	£586,188
April 2016	2.8%	£559,651
April 2015	1.5%	£544,208
April 2014	5%	£536,370
April 2013	0.5%	£510,987
April 2012	-0.3%	£508,216
April 2011	0.1%	£509,690
April 2010	4.3%	£509,229
April 2009	-11.5%	£488,014
April 2008	1.4%	£551,317
April 2007	0%	£543,969

Rental Market Trendsin PL15 8LB

The current average rental value in the postcode is £2,392.
The PL15 8LB Rental Market has increased by 57.2% over the last 10 years.

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Period	Year on Year	Average Price
April 2026	2.7%	£2,392pcm
April 2025	4.9%	£2,329pcm
April 2024	4.4%	£2,220pcm
April 2023	4.5%	£2,127pcm
April 2022	13.8%	£2,036pcm
April 2021	7.2%	£1,788pcm
April 2020	1.8%	£1,668pcm
April 2019	1.7%	£1,638pcm
April 2018	2.7%	£1,610pcm
April 2017	3%	£1,567pcm
April 2016	2.1%	£1,522pcm
April 2015	0.9%	£1,491pcm
April 2014	3.1%	£1,478pcm
April 2013	1.3%	£1,434pcm
April 2012	1%	£1,415pcm
April 2011	2.3%	£1,401pcm
April 2010	3.9%	£1,370pcm
April 2009	-8.4%	£1,319pcm
April 2008	9.4%	£1,439pcm
April 2007	0%	£1,316pcm

Explore Buildingsin PL15 8LB, St. Stephens, Launceston, PL15

Underwood Farm, St. Stephens, Launceston, PL15 Modern building 3 units

Sales History
in PL15 8LB

The last sale was on 1st August 2025 for £950,000 and since then the market in the area has increased by 63.5%. The postcode has had a total of 5 sales since 1995.