5A, Southgate Place
5A, Southgate Place
Description & Estimates
5A, Southgate Place, Launceston is recorded publicly as a period leasehold apartment across 1,162 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 5A, Southgate Place, Launceston is £242,793 and its rental estimate is £804 per month, given the available information and assuming reasonable condition.
5, Southgate Place is a residential building on Southgate Place, Launceston, PL15 and falls within the PL15 postal district.
Our Data Sources
5A, Southgate Place, Launceston has 31 entries in the Land Registry , most recently in February 2015 and a single entry in the EPC database dated August 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5A, Southgate Place, Launceston, we estimate a market value of £254,933 and a rental value of £844 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £225,797 and £747 per month respectively.
Recent Market Change
Over the last year, 5A, Southgate Place, Launceston has seen its estimated sale value move up by £8,800 (3.6%) and its estimated rental value increase by £37 per month (4.6%). This results in an estimated gross rental yield of 4.0%.
Energy Efficiency
5A, Southgate Place, Launceston has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 09 Aug 2010.
The property is not connected to mains gas and has mostly secondary glazing. It is heated using Electric storage heaters.
Sold Prices
The most recent sale of 5A, Southgate Place, Launceston completed on 16th February 2015 at £87,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 51.9% over the period since February 2015.
- Sold Feb 2015£87,000
- Sold May 2007£132,000
- Sold Sep 2004£175,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 5A, Southgate Place, Launceston has sold within a radius of 680 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th May 2022, was 7, The Beeches, Launceston, PL15 9DL, a leasehold flat which sold for £197,000.
Read more about house prices in PL15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 16 addresses on Southgate Place, Launceston, PL15, 5A, Southgate Place, Launceston comes out as the 2nd largest and the most expensive in our analysis of the public data.
It is also £66k less expensive than the average property across the PL15 district.
More reading links
Schools Nearby
- 200mWindmill Hill Academy
- 1.0kmLaunceston Primary School
- 1.2kmSt Catherine's CofE Primary School
- 800mLaunceston College
- 14.8kmCallington Community College
- 17.9kmTavistock College
More reading links
Public Transport Nearby
From 5A, Southgate Place, Launceston, the nearest station is Gunnislake, 16.6 kilometres away.
- 16.6kmGunnislake
- 18.8kmCalstock
- 20.2kmBere Alston
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
