57, 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.

57 THE PADDOCK is a very small semi-detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £233,071. It was last sold for £145,000 in September 2005, which was around 17% below the average September 2005 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

57 THE PADDOCK Sold Prices

Land registry data shows three sales for 57 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 57 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
2005 7 SEP	£145,000	£174,996	17% below HPI
1997 21 MAR	£40,000	£49,417	19% below HPI
1996 31 MAY	£35,950	£45,238	21% below HPI

57 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 57 THE PADDOCK sales between May 1996 and September 2005 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 March 1997 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2005 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 57 THE PADDOCK be worth now?

57 THE PADDOCK might now be worth an estimated £233,071.

This is based on house price inflation of 60.7%, between September 2005 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 60.7% inflationary increase is applied to the most recent sale price for 57 THE PADDOCK of £145,000 on 7th September 2005. For the value to have increased from £145,000 to £233,071 over the 21 years and four months to May 2026, the following assumptions must hold true:

• The value of 57 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The September 2005 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 57 THE PADDOCK has not materially changed since September 2005.

How Large is 57 THE PADDOCK?

57 THE PADDOCK is 55m² according to the EPC inspection conducted in March 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 57 THE PADDOCK lies on this distribution: 12% of semi-detached houses are smaller than 57 THE PADDOCK, and 85% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

57 THE PADDOCK: Plot

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

Where is 57 THE PADDOCK?

57 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 57 on THE PADDOCK.