RIDGEGROVE MILL, RIDGEGROVE HILL, LAUNCESTON, PL15 9QN - £350,000

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

RIDGEGROVE MILL is a large detached house of 136m², built sometime before 1900. It was last sold for £350,000 in March 2010, which was around 28% above the average March 2010 detached price in the Cornwall local authority area. The most recent EPC inspection was December 2016, where the current energy rating was G, and the potential energy rating was A.

RIDGEGROVE MILL Sold Prices

Land registry data shows three sales for RIDGEGROVE MILL 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 RIDGEGROVE MILL 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
2010 9 MAR	£350,000	£273,789	28% above HPI
1999 23 JUL	£155,000	£96,437	61% above HPI
1996 28 JUN	£107,000	£71,323	50% above HPI

RIDGEGROVE MILL 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 RIDGEGROVE MILL sales between June 1996 and March 2010 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 July 1999 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2010 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is RIDGEGROVE MILL?

RIDGEGROVE MILL is 136m² according to the EPC inspection conducted in December 2016. This puts it in the largest 40% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where RIDGEGROVE MILL lies on this distribution: 67% of detached houses are smaller than RIDGEGROVE MILL, and 33% of houses are larger. Note that EPC data is not available for all properties in Launceston.

RIDGEGROVE MILL: Plot and Title Map

RIDGEGROVE MILL sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of RIDGEGROVE MILL, 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 RIDGEGROVE MILL). 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 RIDGEGROVE MILL?

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