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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

RIDGEGROVE MILL is a large detached house of 136m², built sometime before 1900, which could now be worth an estimated £550,269. It was last sold for £350,000 in March 2010, which was around 26% 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	£278,102	26% above HPI
1999 23 JUL	£155,000	£97,957	58% above HPI
1996 28 JUN	£107,000	£72,447	48% 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 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the March 2010 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might RIDGEGROVE MILL be worth now?

RIDGEGROVE MILL might now be worth an estimated £550,269.

This is based on house price inflation of 57.2%, between March 2010 and February 2025, 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 57.2% inflationary increase is applied to the most recent sale price for RIDGEGROVE MILL of £350,000 on 9th March 2010. For the value to have increased from £350,000 to £550,269 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of RIDGEGROVE MILL has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2010 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of RIDGEGROVE MILL has not materially changed since March 2010.

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 houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where RIDGEGROVE MILL lies on this distribution: 67% of detached houses 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.