18, THE PADDOCK, REDRUTH, TR15 2AG - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 THE PADDOCK is a small detached house of 78m², built sometime between 1991 and 1995. It was last sold for £245,000 in January 2021, which was around 35% below the average January 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

18 THE PADDOCK Sold Prices

Land registry data shows two sales for 18 THE PADDOCK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 18 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 29 JAN	£245,000	£377,341	35% below HPI
1997 4 SEP	£58,950	£83,854	30% below HPI

18 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 two 18 THE PADDOCK sales from September 1997 and January 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 September 1997 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 18 THE PADDOCK?

18 THE PADDOCK is 78m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses in Redruth, based on EPC data. The below chart shows the distribution of detached houses by size in Redruth, and where 18 THE PADDOCK lies on this distribution: 36% of detached houses are smaller than 18 THE PADDOCK, and 63% of houses are larger. Note that EPC data is not available for all properties in Redruth.

18 THE PADDOCK: Plot and Title Map

18 THE PADDOCK sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 18 THE PADDOCK, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 18 THE PADDOCK). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 18 THE PADDOCK?

18 THE PADDOCK is located in REDRUTH, in the TR15 postcode district. The below map shows the position of No. 18 on THE PADDOCK.