MAGIC HILLS, RICE LANE, GORRAN HAVEN, ST AUSTELL, PL26 6JF - £315,000

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

MAGIC HILLS is a large detached house of 127m², built sometime between 1930 and 1949. It was last sold for £315,000 in July 2016, which was around 6% above the average July 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was C.

MAGIC HILLS Sold Prices

Land registry data shows three sales for MAGIC HILLS 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 MAGIC HILLS 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 29 JUL	£315,000	£297,479	6% above HPI
2002 21 JAN	£228,250	£144,481	58% above HPI
1997 7 MAY	£93,000	£77,551	20% above HPI

MAGIC HILLS 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 MAGIC HILLS sales between May 1997 and July 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 January 2002 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the July 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is MAGIC HILLS?

MAGIC HILLS is 127m² according to the EPC inspection conducted in February 2013. This puts it in the largest 40% of detached houses in Gorran Haven, based on EPC data. The below chart shows the distribution of detached houses by size in Gorran Haven, and where MAGIC HILLS lies on this distribution: 62% of detached houses are smaller than MAGIC HILLS, and 36% of houses are larger. Note that EPC data is not available for all properties in Gorran Haven.

MAGIC HILLS: Plot and Title Map

MAGIC HILLS sits on a plot of roughly 0.529 of an acre, or 2,140m². The below map shows the location of MAGIC HILLS, 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 MAGIC HILLS). 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 MAGIC HILLS?

MAGIC HILLS is located on RICE LANE in GORRAN HAVEN, in the PL26 postcode district. The below map shows the position of MAGIC HILLS on RICE LANE.