3, RIDGEVALE CLOSE, GULVAL, PENZANCE, TR18 3RB - £462,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 RIDGEVALE CLOSE is a very large extended detached house of 197m², built sometime between 1983 and 1990. It was last sold for £462,000 in February 2016, which was around 53% above the average February 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

3 RIDGEVALE CLOSE Sold Prices

Land registry data shows two sales for 3 RIDGEVALE CLOSE 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 3 RIDGEVALE CLOSE sales were for above 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
2016 12 FEB	£462,000	£301,849	53% above HPI
2004 6 MAY	£375,000	£235,691	59% above HPI

3 RIDGEVALE CLOSE 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 3 RIDGEVALE CLOSE sales from May 2004 and February 2016 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 May 2004 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the February 2016 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 3 RIDGEVALE CLOSE?

3 RIDGEVALE CLOSE is 197m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 20% of detached houses in Trevarrack, based on EPC data. The below chart shows the distribution of detached houses by size in Trevarrack, and where 3 RIDGEVALE CLOSE lies on this distribution: 85% of detached houses are smaller than 3 RIDGEVALE CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Trevarrack.

3 RIDGEVALE CLOSE: Plot and Title Map

3 RIDGEVALE CLOSE sits on a plot of roughly 0.350 of an acre, or 1,417m². The below map shows the location of 3 RIDGEVALE CLOSE, 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 3 RIDGEVALE CLOSE). 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 3 RIDGEVALE CLOSE?

3 RIDGEVALE CLOSE is located in GULVAL, in the TR18 postcode district. The below map shows the position of No. 3 on RIDGEVALE CLOSE.