7, THE PADDOCK, REDRUTH, TR15 2AG - £197,500

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.

7 THE PADDOCK is a very small semi-detached house of 54m², built sometime between 1991 and 1995, which could now be worth an estimated £221,278. It was last sold for £197,500 in April 2021, which was around 21% below the average April 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

7 THE PADDOCK Sold Prices

Land registry data shows four sales for 7 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 7 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
2021 14 APR	£197,500	£248,833	21% below HPI
2014 30 MAY	£146,250	£185,696	21% below HPI
2012 7 NOV	£140,000	£178,248	21% below HPI
1996 23 FEB	£35,950	£45,505	21% below HPI

7 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 7 THE PADDOCK sales between February 1996 and April 2021 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 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2021 sale, which was also at 21% below the HPI.

What might 7 THE PADDOCK be worth now?

7 THE PADDOCK might now be worth an estimated £221,278.

This is based on house price inflation of 12%, between April 2021 and April 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 12% inflationary increase is applied to the most recent sale price for 7 THE PADDOCK of £197,500 on 14th April 2021. For the value to have increased from £197,500 to £221,278 over the five years to April 2026, the following assumptions must hold true:

• The value of 7 THE PADDOCK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The April 2021 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE PADDOCK has not materially changed since April 2021.

How Large is 7 THE PADDOCK?

7 THE PADDOCK is 54m² according to the EPC inspection conducted in May 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 7 THE PADDOCK lies on this distribution: 9% of semi-detached houses are smaller than 7 THE PADDOCK, and 88% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redruth.

7 THE PADDOCK: Plot

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

Where is 7 THE PADDOCK?

7 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 7 on THE PADDOCK.