54, THE PADDOCK, REDRUTH, TR15 2AG - £170,000

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.

54 THE PADDOCK is a very small semi-detached house of 55m², built sometime between 1991 and 1995, which could now be worth an estimated £247,139. It was last sold for £170,000 in May 2008, which was around 12% below the average May 2008 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

54 THE PADDOCK Sold Prices

Land registry data shows three sales for 54 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 54 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
2008 23 MAY	£170,000	£193,489	12% below HPI
2000 8 MAY	£61,950	£68,462	10% below HPI
1996 23 AUG	£35,950	£46,470	23% below HPI

54 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 54 THE PADDOCK sales between August 1996 and May 2008 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 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2008 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 54 THE PADDOCK be worth now?

54 THE PADDOCK might now be worth an estimated £247,139.

This is based on house price inflation of 45.4%, between May 2008 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 45.4% inflationary increase is applied to the most recent sale price for 54 THE PADDOCK of £170,000 on 23rd May 2008. For the value to have increased from £170,000 to £247,139 over the eighteen years to May 2026, the following assumptions must hold true:

• The value of 54 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The May 2008 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 54 THE PADDOCK has not materially changed since May 2008.

How Large is 54 THE PADDOCK?

54 THE PADDOCK is 55m² according to the EPC inspection conducted in October 2014. 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 54 THE PADDOCK lies on this distribution: 12% of semi-detached houses are smaller than 54 THE PADDOCK, and 85% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

54 THE PADDOCK: Plot

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

Where is 54 THE PADDOCK?

54 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 54 on THE PADDOCK.