HICKS MILL COTTAGE, POLYPHANT, LAUNCESTON, PL15 7PT - £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.

HICKS MILL COTTAGE is a small extended detached house of 92m², built sometime before 1900, which could now be worth an estimated £430,951. It was last sold for £350,000 in April 2020, which was around 2% above the average April 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was B.

HICKS MILL COTTAGE Sold Prices

Land registry data shows two sales for HICKS MILL 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. One of the two HICKS MILL COTTAGE sales was for above the average price, whilst the other was 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
2020 22 APR	£350,000	£343,783	2% above HPI
2016 25 NOV	£252,500	£312,492	19% below HPI

HICKS MILL 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 HICKS MILL COTTAGE sales from November 2016 and April 2020 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 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might HICKS MILL COTTAGE be worth now?

HICKS MILL COTTAGE might now be worth an estimated £430,951.

This is based on house price inflation of 23.1%, between April 2020 and April 2026, 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 23.1% inflationary increase is applied to the most recent sale price for HICKS MILL COTTAGE of £350,000 on 22nd April 2020. For the value to have increased from £350,000 to £430,951 over the six years to April 2026, the following assumptions must hold true:

• The value of HICKS MILL COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The April 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of HICKS MILL COTTAGE has not materially changed since April 2020.

How Large is HICKS MILL COTTAGE?

HICKS MILL COTTAGE is 92m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses houses in Polyphant, based on EPC data. The below chart shows the distribution of detached houses houses by size in Polyphant, and where HICKS MILL COTTAGE lies on this distribution: 29% of detached houses houses are smaller than HICKS MILL COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Polyphant.

HICKS MILL COTTAGE: Plot and Title Map

HICKS MILL COTTAGE sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of HICKS MILL 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 HICKS MILL 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 HICKS MILL COTTAGE?

HICKS MILL COTTAGE is located in POLYPHANT, in the PL15 postcode district. The below map shows the position of HICKS MILL COTTAGE in POLYPHANT.