1A, RIDGEGROVE LANE, LAUNCESTON, PL15 8EE - £250,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1A RIDGEGROVE LANE is a small detached house of 105m², built sometime between 1900 and 1929. It was last sold for £250,000 in November 2023, which was around 43% below the average November 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

1A RIDGEGROVE LANE Sold Prices

Land registry data shows two sales for 1A RIDGEGROVE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 1A RIDGEGROVE LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 24 NOV	£250,000	£440,879	43% below HPI
1997 3 APR	£59,750	£77,715	23% below HPI

1A RIDGEGROVE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two 1A RIDGEGROVE LANE sales from April 1997 and November 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2023 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 1A RIDGEGROVE LANE?

1A RIDGEGROVE LANE is 105m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where 1A RIDGEGROVE LANE lies on this distribution: 37% of detached houses are smaller than 1A RIDGEGROVE LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Launceston.

1A RIDGEGROVE LANE: Plot and Title Map

1A RIDGEGROVE LANE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 1A RIDGEGROVE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1A RIDGEGROVE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1A RIDGEGROVE LANE?

1A RIDGEGROVE LANE is located in LAUNCESTON, in the PL15 postcode district. The below map shows the position of No. 1A on RIDGEGROVE LANE.