18, GILLY HILL, REDRUTH, TR15 2RN - £117,000

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.

18 GILLY HILL is a small extended terraced house of 75m², built sometime before 1900, which could now be worth an estimated £191,619. It was last sold for £117,000 in February 2005, which was around 17% below the average February 2005 terraced price in the Cornwall local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

18 GILLY HILL Sold Prices

Land registry data shows four sales for 18 GILLY HILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. All of the four 18 GILLY HILL 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
2005 18 FEB	£117,000	£140,801	17% below HPI
2004 10 MAR	£94,950	£121,441	22% below HPI
1999 30 APR	£41,500	£47,001	12% below HPI
1998 31 JUL	£27,000	£45,411	41% below HPI

18 GILLY HILL Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The four 18 GILLY HILL sales between July 1998 and February 2005 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 March 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2005 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 18 GILLY HILL be worth now?

18 GILLY HILL might now be worth an estimated £191,619.

This is based on house price inflation of 63.8%, between February 2005 and May 2026, for terraced 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 63.8% inflationary increase is applied to the most recent sale price for 18 GILLY HILL of £117,000 on 18th February 2005. For the value to have increased from £117,000 to £191,619 over the twenty years and nine months to May 2026, the following assumptions must hold true:

• The value of 18 GILLY HILL has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The February 2005 sale price of £117,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GILLY HILL has not materially changed since February 2005.

How Large is 18 GILLY HILL?

18 GILLY HILL is 75m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of terraced houses houses in Redruth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redruth, and where 18 GILLY HILL lies on this distribution: 30% of terraced houses houses are smaller than 18 GILLY HILL, and 68% of houses are larger. Note that EPC data is not available for all properties in Redruth.

18 GILLY HILL: Plot and Title Map

18 GILLY HILL sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 18 GILLY HILL, 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 18 GILLY HILL). 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 18 GILLY HILL?

18 GILLY HILL is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 18 on GILLY HILL.