10, THE PADDOCK, REDRUTH, TR15 2AG - £127,000

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.

10 THE PADDOCK is a very small detached house of 51m², built sometime between 1983 and 1990, which could now be worth an estimated £254,448. It was last sold for £127,000 in June 2003, which was around 41% below the average June 2003 detached price in the Cornwall local authority area. The most recent EPC inspection was August 2013, where the current energy rating was F, and the potential energy rating was B.

10 THE PADDOCK Sold Prices

Land registry data shows two sales for 10 THE PADDOCK 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. Both of the two 10 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
2003 12 JUN	£127,000	£213,926	41% below HPI
1996 2 AUG	£38,500	£74,118	48% below HPI

10 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 two 10 THE PADDOCK sales from August 1996 and June 2003 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 August 1996 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the June 2003 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 10 THE PADDOCK be worth now?

10 THE PADDOCK might now be worth an estimated £254,448.

This is based on house price inflation of 100.4%, between June 2003 and May 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 100.4% inflationary increase is applied to the most recent sale price for 10 THE PADDOCK of £127,000 on 12th June 2003. For the value to have increased from £127,000 to £254,448 over the 23 years and one month to May 2026, the following assumptions must hold true:

• The value of 10 THE PADDOCK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The June 2003 sale price of £127,000 represented a fair market value for the property.
• The size, condition, and specification of 10 THE PADDOCK has not materially changed since June 2003.

How Large is 10 THE PADDOCK?

10 THE PADDOCK is 51m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 10 THE PADDOCK lies on this distribution: 1% of detached houses are smaller than 10 THE PADDOCK, and 98% of detached houses are larger. Note that EPC data is not available for all properties in Redruth.

10 THE PADDOCK: Plot

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

Where is 10 THE PADDOCK?

10 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 10 on THE PADDOCK.