THE GILLY, RIDGEGROVE HILL, LAUNCESTON, PL15 8BT - £225,000

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

THE GILLY is a very small detached house of 89m², built sometime from 2007 onwards. It was last sold for £225,000 in May 2013, which was around 16% below the average May 2013 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

THE GILLY Sold Prices

Land registry data shows three sales for THE GILLY 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 THE GILLY 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
2013 31 MAY	£225,000	£268,817	16% below HPI
2006 17 NOV	£189,508	£281,591	33% below HPI
2004 19 MAR	£175,000	£231,214	24% below HPI

THE GILLY 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 THE GILLY sales between March 2004 and May 2013 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 November 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2013 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE GILLY?

THE GILLY is 89m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of detached houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses by size in Launceston, and where THE GILLY lies on this distribution: 19% of detached houses are smaller than THE GILLY, and 81% of houses are larger. Note that EPC data is not available for all properties in Launceston.

THE GILLY: Plot and Title Map

THE GILLY sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of THE GILLY, 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 THE GILLY). 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 THE GILLY?

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