11, THE PADDOCK, REDRUTH, TR15 2AG - £163,000

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.

11 THE PADDOCK is a very small semi-detached house of 50m², built sometime between 1976 and 1982, which could now be worth an estimated £216,975. It was last sold for £163,000 in September 2017, which was around 23% below the average September 2017 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

11 THE PADDOCK Sold Prices

Land registry data shows four sales for 11 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. All of the four 11 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
2017 25 SEP	£163,000	£211,313	23% below HPI
2002 24 MAY	£79,950	£97,354	18% below HPI
1999 30 APR	£47,000	£58,931	20% below HPI
1996 21 JUN	£35,950	£45,811	22% below HPI

11 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 four 11 THE PADDOCK sales between June 1996 and September 2017 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 2002 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2017 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 11 THE PADDOCK be worth now?

11 THE PADDOCK might now be worth an estimated £216,975.

This is based on house price inflation of 33.1%, between September 2017 and May 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 33.1% inflationary increase is applied to the most recent sale price for 11 THE PADDOCK of £163,000 on 25th September 2017. For the value to have increased from £163,000 to £216,975 over the nine years and four months to May 2026, the following assumptions must hold true:

• The value of 11 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The September 2017 sale price of £163,000 represented a fair market value for the property.
• The size, condition, and specification of 11 THE PADDOCK has not materially changed since September 2017.

How Large is 11 THE PADDOCK?

11 THE PADDOCK is 50m² according to the EPC inspection conducted in July 2017. 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 11 THE PADDOCK lies on this distribution: 3% of semi-detached houses are smaller than 11 THE PADDOCK, and 96% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

11 THE PADDOCK: Plot

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

Where is 11 THE PADDOCK?

11 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 11 on THE PADDOCK.