16, FAIRMEAD CLOSE, HATT, SALTASH, PL12 6SB - £177,000

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.

16 FAIRMEAD CLOSE is a very small detached house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £279,708. It was last sold for £177,000 in December 2012, which was around 35% below the average December 2012 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

16 FAIRMEAD CLOSE Sold Prices

Land registry data shows four sales for 16 FAIRMEAD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 16 FAIRMEAD CLOSE 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
2012 19 DEC	£177,000	£271,224	35% below HPI
2006 23 NOV	£190,000	£286,027	34% below HPI
2003 11 NOV	£174,000	£227,264	23% below HPI
1999 22 OCT	£67,000	£101,896	34% below HPI

16 FAIRMEAD CLOSE 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 16 FAIRMEAD CLOSE sales between October 1999 and December 2012 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 November 2006 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2012 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 16 FAIRMEAD CLOSE be worth now?

16 FAIRMEAD CLOSE might now be worth an estimated £279,708.

This is based on house price inflation of 58%, between December 2012 and May 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 58% inflationary increase is applied to the most recent sale price for 16 FAIRMEAD CLOSE of £177,000 on 19th December 2012. For the value to have increased from £177,000 to £279,708 over the fourteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 16 FAIRMEAD CLOSE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2012 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 16 FAIRMEAD CLOSE has not materially changed since December 2012.

How Large is 16 FAIRMEAD CLOSE?

16 FAIRMEAD CLOSE is 58m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 10% of detached houses houses in Hatt, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hatt, and where 16 FAIRMEAD CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 16 FAIRMEAD CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Hatt.

16 FAIRMEAD CLOSE: Plot and Title Map

16 FAIRMEAD CLOSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 16 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 16 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 16 FAIRMEAD CLOSE?

16 FAIRMEAD CLOSE is located in HATT, in the PL12 postcode district. The below map shows the position of No. 16 on FAIRMEAD CLOSE.