49, THE PADDOCK, REDRUTH, TR15 2AG - £185,000

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.

49 THE PADDOCK is a very small semi-detached house of 52m², built sometime between 1996 and 2002, which could now be worth an estimated £208,558. It was last sold for £185,000 in December 2020, which was around 25% below the average December 2020 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

49 THE PADDOCK Sold Prices

Land registry data shows three sales for 49 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the three 49 THE PADDOCK 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
2020 18 DEC	£185,000	£247,300	25% below HPI
2000 27 JAN	£56,500	£64,652	13% below HPI
1996 30 AUG	£35,950	£46,470	23% below HPI

49 THE PADDOCK 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 49 THE PADDOCK sales between August 1996 and December 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 January 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 49 THE PADDOCK be worth now?

49 THE PADDOCK might now be worth an estimated £208,558.

This is based on house price inflation of 12.7%, between December 2020 and April 2026, for semi-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 12.7% inflationary increase is applied to the most recent sale price for 49 THE PADDOCK of £185,000 on 18th December 2020. For the value to have increased from £185,000 to £208,558 over the six years and eight months to April 2026, the following assumptions must hold true:

• The value of 49 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The December 2020 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 49 THE PADDOCK has not materially changed since December 2020.

How Large is 49 THE PADDOCK?

49 THE PADDOCK is 52m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% of semi-detached houses in Redruth, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Redruth, and where 49 THE PADDOCK lies on this distribution: 6% of semi-detached houses are smaller than 49 THE PADDOCK, and 94% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

49 THE PADDOCK: Plot

49 THE PADDOCK sits on a plot of roughly 69.0 acres, or 279,351m².

Where is 49 THE PADDOCK?

49 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 49 on THE PADDOCK.