PRIMROSE COTTAGE, MERRITTS HILL, ILLOGAN, REDRUTH, TR16 4HD - £230,000

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

PRIMROSE COTTAGE is a small extended detached house of 77m², built sometime before 1900. It was last sold for £230,000 in November 2016, which was around 25% below the average November 2016 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2011, where the current energy rating was F, and the potential energy rating was E.

PRIMROSE COTTAGE Sold Prices

Land registry data shows two sales for PRIMROSE COTTAGE 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. Both of the two PRIMROSE 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
2016 18 NOV	£230,000	£307,645	25% below HPI
2007 25 SEP	£230,000	£300,052	23% below HPI

PRIMROSE 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 two PRIMROSE COTTAGE sales from September 2007 and November 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 September 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is PRIMROSE COTTAGE?

PRIMROSE COTTAGE is 77m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the smallest 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 PRIMROSE COTTAGE lies on this distribution: 23% of detached houses are smaller than PRIMROSE COTTAGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Illogan.

PRIMROSE COTTAGE: Plot and Title Map

PRIMROSE COTTAGE sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of PRIMROSE 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 PRIMROSE 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 PRIMROSE COTTAGE?

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