MEADOWSIDE, MERRITTS HILL, ILLOGAN, REDRUTH, TR16 4DF - £631,500

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

MEADOWSIDE is a very large extended detached house of 228m², built sometime between 1996 and 2002, which could now be worth an estimated £612,784. It was last sold for £631,500 in September 2022, which was around 38% above the average September 2022 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

MEADOWSIDE Sold Prices

Land registry data shows three sales for MEADOWSIDE 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 MEADOWSIDE 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
2022 16 SEP	£631,500	£457,564	38% above HPI
2005 17 JUN	£275,000	£262,718	5% above HPI
2004 16 AUG	£261,000	£256,027	2% above HPI

MEADOWSIDE 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 MEADOWSIDE sales between August 2004 and September 2022 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 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might MEADOWSIDE be worth now?

MEADOWSIDE might now be worth an estimated £612,784.

This is based on house price deflation of 3%, between September 2022 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 3% deflationary decrease is applied to the most recent sale price for MEADOWSIDE of £631,500 on 16th September 2022. For the value to have decreased from £631,500 to £612,784 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of MEADOWSIDE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2022 sale price of £631,500 represented a fair market value for the property.
• The size, condition, and specification of MEADOWSIDE has not materially changed since September 2022.

How Large is MEADOWSIDE?

MEADOWSIDE is 228m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses houses in Illogan, based on EPC data. The below chart shows the distribution of detached houses houses by size in Illogan, and where MEADOWSIDE lies on this distribution: 98% of detached houses houses are smaller than MEADOWSIDE, and 2% of houses are larger. Note that EPC data is not available for all properties in Illogan.

MEADOWSIDE: Plot and Title Map

MEADOWSIDE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of MEADOWSIDE, 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 MEADOWSIDE). 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 MEADOWSIDE?

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