CHRISTMAS HOUSE, RIDGEGROVE HILL, LAUNCESTON, PL15 9QN - £280,000

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

CHRISTMAS HOUSE is a very large detached house of 186m², built sometime between 2007 and 2011, which could now be worth an estimated £435,227. It was last sold for £280,000 in April 2014, which was around 2% below the average April 2014 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2023, where the current energy rating was B, and the potential energy rating was B.

CHRISTMAS HOUSE Sold Prices

Land registry data shows two sales for CHRISTMAS HOUSE 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. One of the two CHRISTMAS HOUSE sales was for below the average price, whilst the other was 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
2014 17 APR	£280,000	£285,646	2% below HPI
2006 13 DEC	£290,000	£284,469	2% above HPI

CHRISTMAS HOUSE 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 CHRISTMAS HOUSE sales from December 2006 and April 2014 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 December 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might CHRISTMAS HOUSE be worth now?

CHRISTMAS HOUSE might now be worth an estimated £435,227.

This is based on house price inflation of 55.4%, between April 2014 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 55.4% inflationary increase is applied to the most recent sale price for CHRISTMAS HOUSE of £280,000 on 17th April 2014. For the value to have increased from £280,000 to £435,227 over the nine years and four months to December 2024, the following assumptions must hold true:

• The value of CHRISTMAS HOUSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2014 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of CHRISTMAS HOUSE has not materially changed since April 2014.

How Large is CHRISTMAS HOUSE?

CHRISTMAS HOUSE is 186m² according to the EPC inspection conducted in October 2023. This puts it in the largest 20% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where CHRISTMAS HOUSE lies on this distribution: 88% of detached houses houses are smaller than CHRISTMAS HOUSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Launceston.

CHRISTMAS HOUSE: Plot and Title Map

CHRISTMAS HOUSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of CHRISTMAS HOUSE, 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 CHRISTMAS HOUSE). 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 CHRISTMAS HOUSE?

CHRISTMAS HOUSE is located on RIDGEGROVE HILL in LAUNCESTON, in the PL15 postcode district. The below map shows the position of CHRISTMAS HOUSE on RIDGEGROVE HILL.