2, FAIRWAYS CLOSE, BERROW, BURNHAM-ON-SEA, TA8 2JR - £314,950

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.

2 FAIRWAYS CLOSE is a very small semi-detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £321,200. It was last sold for £314,950 in July 2022, which was around 11% above the average July 2022 semi-detached price in the Somerset local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 FAIRWAYS CLOSE Sold Prices

Land registry data shows four sales for 2 FAIRWAYS CLOSE 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 Somerset local authority area for the corresponding sale date. Most of the four 2 FAIRWAYS 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
2022 11 JUL	£314,950	£283,842	11% above HPI
2007 3 MAY	£177,500	£186,282	5% below HPI
2002 27 MAR	£53,000	£97,439	46% below HPI
1996 3 MAY	£48,000	£51,310	6% below HPI

2 FAIRWAYS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The four 2 FAIRWAYS CLOSE sales between May 1996 and July 2022 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 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 2 FAIRWAYS CLOSE be worth now?

2 FAIRWAYS CLOSE might now be worth an estimated £321,200.

This is based on house price inflation of 2%, between July 2022 and February 2025, for semi-detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% inflationary increase is applied to the most recent sale price for 2 FAIRWAYS CLOSE of £314,950 on 11th July 2022. For the value to have increased from £314,950 to £321,200 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 2 FAIRWAYS CLOSE has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The July 2022 sale price of £314,950 represented a fair market value for the property.
• The size, condition, and specification of 2 FAIRWAYS CLOSE has not materially changed since July 2022.

How Large is 2 FAIRWAYS CLOSE?

2 FAIRWAYS CLOSE is 90m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of semi-detached houses houses in Berrow, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Berrow, and where 2 FAIRWAYS CLOSE lies on this distribution: 17% of semi-detached houses houses are smaller than 2 FAIRWAYS CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Berrow.

2 FAIRWAYS CLOSE: Plot and Title Map

2 FAIRWAYS CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 2 FAIRWAYS 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 2 FAIRWAYS 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 2 FAIRWAYS CLOSE?

2 FAIRWAYS CLOSE is located in BERROW, in the TA8 postcode district. The below map shows the position of No. 2 on FAIRWAYS CLOSE.