42, THE PADDOCK, REDRUTH, TR15 2AG - £145,000

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.

42 THE PADDOCK is a very small semi-detached house of 49m², built sometime between 1996 and 2002, which could now be worth an estimated £220,836. It was last sold for £145,000 in June 2014, which was around 21% below the average June 2014 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

42 THE PADDOCK Sold Prices

Land registry data shows two sales for 42 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 42 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
2014 23 JUN	£145,000	£184,691	21% below HPI
1997 8 OCT	£41,950	£53,596	22% below HPI

42 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 42 THE PADDOCK sales from October 1997 and June 2014 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 October 1997 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2014 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 42 THE PADDOCK be worth now?

42 THE PADDOCK might now be worth an estimated £220,836.

This is based on house price inflation of 52.3%, between June 2014 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 52.3% inflationary increase is applied to the most recent sale price for 42 THE PADDOCK of £145,000 on 23rd June 2014. For the value to have increased from £145,000 to £220,836 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of 42 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The June 2014 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 42 THE PADDOCK has not materially changed since June 2014.

How Large is 42 THE PADDOCK?

42 THE PADDOCK is 49m² according to the EPC inspection conducted in August 2022. 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 42 THE PADDOCK lies on this distribution: 2% of semi-detached houses are smaller than 42 THE PADDOCK, and 97% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

42 THE PADDOCK: Plot

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

Where is 42 THE PADDOCK?

42 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 42 on THE PADDOCK.