15, FAIRMEAD CLOSE, HATT, SALTASH, PL12 6SB - £185,000

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.

15 FAIRMEAD CLOSE is a very small terraced house of 78m², built sometime between 1976 and 1982, which could now be worth an estimated £255,858. It was last sold for £185,000 in May 2016, which was around 11% above the average May 2016 terraced price in the Cornwall local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

15 FAIRMEAD CLOSE Sold Prices

Land registry data shows two sales for 15 FAIRMEAD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cornwall local authority area for the corresponding sale date. Both of the two 15 FAIRMEAD CLOSE sales were for above 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
2016 27 MAY	£185,000	£166,737	11% above HPI
2002 11 MAR	£93,000	£74,106	25% above HPI

15 FAIRMEAD CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cornwall local authority area over time, sourced from the HPI. The two 15 FAIRMEAD CLOSE sales from March 2002 and May 2016 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 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2016 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 15 FAIRMEAD CLOSE be worth now?

15 FAIRMEAD CLOSE might now be worth an estimated £255,858.

This is based on house price inflation of 38.3%, between May 2016 and May 2026, for terraced 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 38.3% inflationary increase is applied to the most recent sale price for 15 FAIRMEAD CLOSE of £185,000 on 27th May 2016. For the value to have increased from £185,000 to £255,858 over the ten years to May 2026, the following assumptions must hold true:

• The value of 15 FAIRMEAD CLOSE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FAIRMEAD CLOSE has not materially changed since May 2016.

How Large is 15 FAIRMEAD CLOSE?

15 FAIRMEAD CLOSE is 78m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of terraced houses houses in Hatt, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hatt, and where 15 FAIRMEAD CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 15 FAIRMEAD CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Hatt.

15 FAIRMEAD CLOSE: Plot and Title Map

15 FAIRMEAD CLOSE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 15 FAIRMEAD CLOSE, 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 15 FAIRMEAD CLOSE). 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 15 FAIRMEAD CLOSE?

15 FAIRMEAD CLOSE is located in HATT, in the PL12 postcode district. The below map shows the position of No. 15 on FAIRMEAD CLOSE.