MCMILLEN LODGE, MARINE DRIVE, LOOE, PL13 2DH - £610,000

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

MCMILLEN LODGE is a very large detached house of 191m², built sometime between 1996 and 2002. It was last sold for £610,000 in August 2017, which was around 93% above the average August 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

MCMILLEN LODGE Sold Prices

Land registry data shows four sales for MCMILLEN LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. two of the four MCMILLEN LODGE sales were for above the average price, and four 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
2017 2 AUG	£610,000	£316,709	93% above HPI
2000 9 JUN	£90,000	£111,422	19% below HPI
1999 16 MAR	£80,000	£93,565	14% below HPI
1997 20 JUN	£140,000	£79,490	76% above HPI

MCMILLEN LODGE 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 four MCMILLEN LODGE sales between June 1997 and August 2017 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 June 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2017 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is MCMILLEN LODGE?

MCMILLEN LODGE is 191m² according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses in Looe, based on EPC data. The below chart shows the distribution of detached houses by size in Looe, and where MCMILLEN LODGE lies on this distribution: 86% of detached houses are smaller than MCMILLEN LODGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Looe.

MCMILLEN LODGE: Plot and Title Map

MCMILLEN LODGE sits on a plot of roughly 0.190 of an acre, or 769m². The below map shows the location of MCMILLEN LODGE, 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 MCMILLEN LODGE). 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 MCMILLEN LODGE?

MCMILLEN LODGE is located on MARINE DRIVE in LOOE, in the PL13 postcode district. The below map shows the position of MCMILLEN LODGE on MARINE DRIVE.