7, GILLY FIELDS, REDRUTH, TR15 2TF - £200,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 GILLY FIELDS is a small extended detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £267,358. It was last sold for £200,000 in June 2018, which was around 40% below the average June 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

7 GILLY FIELDS Sold Prices

Land registry data shows two sales for 7 GILLY FIELDS 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 7 GILLY FIELDS 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
2018 27 JUN	£200,000	£332,141	40% below HPI
1998 21 OCT	£63,950	£92,584	31% below HPI

7 GILLY FIELDS 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 7 GILLY FIELDS sales from October 1998 and June 2018 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 October 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2018 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 7 GILLY FIELDS be worth now?

7 GILLY FIELDS might now be worth an estimated £267,358.

This is based on house price inflation of 33.7%, between June 2018 and December 2024, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.7% inflationary increase is applied to the most recent sale price for 7 GILLY FIELDS of £200,000 on 27th June 2018. For the value to have increased from £200,000 to £267,358 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of 7 GILLY FIELDS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2018 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GILLY FIELDS has not materially changed since June 2018.

How Large is 7 GILLY FIELDS?

7 GILLY FIELDS is 75m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redruth, and where 7 GILLY FIELDS lies on this distribution: 30% of detached houses houses are smaller than 7 GILLY FIELDS, and 69% of houses are larger. Note that EPC data is not available for all properties in Redruth.

7 GILLY FIELDS: Plot and Title Map

7 GILLY FIELDS sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 7 GILLY FIELDS, 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 7 GILLY FIELDS). 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 7 GILLY FIELDS?

7 GILLY FIELDS is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 7 on GILLY FIELDS.