9, THE PADDOCK, REDRUTH, TR15 2AG - £160,000

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.

9 THE PADDOCK is a very small detached house of 59m², built sometime between 1991 and 1995, which could now be worth an estimated £234,484. It was last sold for £160,000 in March 2007, which was around 45% below the average March 2007 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

9 THE PADDOCK Sold Prices

Land registry data shows three sales for 9 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three 9 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
2007 9 MAR	£160,000	£288,836	45% below HPI
1999 15 FEB	£60,000	£93,537	36% below HPI
1996 26 APR	£38,500	£71,136	46% below HPI

9 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 9 THE PADDOCK sales between April 1996 and March 2007 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 February 1999 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2007 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 9 THE PADDOCK be worth now?

9 THE PADDOCK might now be worth an estimated £234,484.

This is based on house price inflation of 46.6%, between March 2007 and April 2026, for 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 46.6% inflationary increase is applied to the most recent sale price for 9 THE PADDOCK of £160,000 on 9th March 2007. For the value to have increased from £160,000 to £234,484 over the eighteen years and eleven months to April 2026, the following assumptions must hold true:

• The value of 9 THE PADDOCK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2007 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 9 THE PADDOCK has not materially changed since March 2007.

How Large is 9 THE PADDOCK?

9 THE PADDOCK is 59m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 9 THE PADDOCK lies on this distribution: 9% of detached houses are smaller than 9 THE PADDOCK, and 90% of detached houses are larger. Note that EPC data is not available for all properties in Redruth.

9 THE PADDOCK: Plot

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

Where is 9 THE PADDOCK?

9 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 9 on THE PADDOCK.