50, THE PADDOCK, REDRUTH, TR15 2AG - £235,000

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.

50 THE PADDOCK is a very small semi-detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £218,709. It was last sold for £235,000 in November 2022, which was around 22% below the average November 2022 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

50 THE PADDOCK Sold Prices

Land registry data shows three sales for 50 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 50 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
2022 18 NOV	£235,000	£302,238	22% below HPI
2000 26 APR	£58,950	£67,705	13% below HPI
1997 30 APR	£39,950	£49,380	19% below HPI

50 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 50 THE PADDOCK sales between April 1997 and November 2022 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 April 2000 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 50 THE PADDOCK be worth now?

50 THE PADDOCK might now be worth an estimated £218,709.

This is based on house price deflation of 6.9%, between November 2022 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 6.9% deflationary decrease is applied to the most recent sale price for 50 THE PADDOCK of £235,000 on 18th November 2022. For the value to have decreased from £235,000 to £218,709 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 50 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The November 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 50 THE PADDOCK has not materially changed since November 2022.

How Large is 50 THE PADDOCK?

50 THE PADDOCK is 56m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% 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 50 THE PADDOCK lies on this distribution: 15% of semi-detached houses are smaller than 50 THE PADDOCK, and 82% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

50 THE PADDOCK: Plot

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

Where is 50 THE PADDOCK?

50 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 50 on THE PADDOCK.