CHESTNUT COTTAGE, MERRITTS HILL, ILLOGAN, REDRUTH, TR16 4HD - £290,000

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

CHESTNUT COTTAGE is a large extended detached house of 119m², built sometime before 1900. It was last sold for £290,000 in August 2020, which was around 17% below the average August 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

CHESTNUT COTTAGE Sold Prices

Land registry data shows three sales for CHESTNUT COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three CHESTNUT COTTAGE 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
2020 7 AUG	£290,000	£348,820	17% below HPI
2012 23 NOV	£240,000	£269,114	11% below HPI
1996 30 AUG	£69,500	£72,969	5% below HPI

CHESTNUT COTTAGE 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 three CHESTNUT COTTAGE sales between August 1996 and August 2020 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 November 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 119m², which includes four extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses by size in Illogan, and where CHESTNUT COTTAGE lies on this distribution: 74% of detached houses are smaller than CHESTNUT COTTAGE, and 26% of houses are larger. Note that EPC data is not available for all properties in Illogan.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of CHESTNUT COTTAGE, 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 CHESTNUT COTTAGE). 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on MERRITTS HILL in ILLOGAN, in the TR16 postcode district. The below map shows the position of CHESTNUT COTTAGE on MERRITTS HILL.