5, GILLY HILL, REDRUTH, TR15 2RN - £218,000

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.

5 GILLY HILL is a midsized extended terraced house of 75m², built sometime before 1900, which could now be worth an estimated £215,044. It was last sold for £218,000 in December 2024, which was around 7% below the average December 2024 terraced price in the Cornwall local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

5 GILLY HILL Sold Prices

Land registry data shows four sales for 5 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 5 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
2024 3 DEC	£218,000	£233,770	7% below HPI
2017 31 MAY	£146,000	£167,406	13% below HPI
2007 11 MAY	£160,000	£164,854	3% below HPI
2003 7 JUL	£99,000	£109,200	9% below HPI

5 GILLY HILL 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 four 5 GILLY HILL sales between July 2003 and December 2024 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 May 2017 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2024 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 5 GILLY HILL be worth now?

5 GILLY HILL might now be worth an estimated £215,044.

This is based on house price deflation of 1.4%, between December 2024 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 1.4% deflationary decrease is applied to the most recent sale price for 5 GILLY HILL of £218,000 on 3rd December 2024. For the value to have decreased from £218,000 to £215,044 over the two years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 GILLY HILL has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The December 2024 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GILLY HILL has not materially changed since December 2024.

How Large is 5 GILLY HILL?

5 GILLY HILL is 75m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 50% of terraced houses in Redruth, based on EPC data. The below chart shows the distribution of terraced houses by size in Redruth, and where 5 GILLY HILL lies on this distribution: 49% of terraced houses are smaller than 5 GILLY HILL, and 49% of terraced houses are larger. Note that EPC data is not available for all properties in Redruth.

5 GILLY HILL: Plot

5 GILLY HILL sits on a plot of roughly 107.3 acres, or 434,118m².

Where is 5 GILLY HILL?

5 GILLY HILL is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 5 on GILLY HILL.