3, FAIRMEAD CLOSE, HATT, SALTASH, PL12 6SB - £210,000

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.

3 FAIRMEAD CLOSE is a small extended terraced house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £263,112. It was last sold for £210,000 in May 2020, which was around 14% above the average May 2020 terraced price in the Cornwall local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

3 FAIRMEAD CLOSE Sold Prices

Land registry data shows two sales for 3 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 3 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
2020 22 MAY	£210,000	£184,051	14% above HPI
2005 2 SEP	£147,950	£145,510	2% above HPI

3 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 3 FAIRMEAD CLOSE sales from September 2005 and May 2020 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 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2020 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 FAIRMEAD CLOSE be worth now?

3 FAIRMEAD CLOSE might now be worth an estimated £263,112.

This is based on house price inflation of 25.3%, between May 2020 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 25.3% inflationary increase is applied to the most recent sale price for 3 FAIRMEAD CLOSE of £210,000 on 22nd May 2020. For the value to have increased from £210,000 to £263,112 over the six years to May 2026, the following assumptions must hold true:

• The value of 3 FAIRMEAD CLOSE has moved in line with the HPI for terraced houses in the Cornwall local authority area.
• The May 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRMEAD CLOSE has not materially changed since May 2020.

How Large is 3 FAIRMEAD CLOSE?

3 FAIRMEAD CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% 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 3 FAIRMEAD CLOSE lies on this distribution: 24% of terraced houses houses are smaller than 3 FAIRMEAD CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hatt.

3 FAIRMEAD CLOSE: Plot and Title Map

3 FAIRMEAD CLOSE sits on a plot of roughly 0.039 of an acre, or 159m². The below map shows the location of 3 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 3 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 3 FAIRMEAD CLOSE?

3 FAIRMEAD CLOSE is located in HATT, in the PL12 postcode district. The below map shows the position of No. 3 on FAIRMEAD CLOSE.