7, FAIRFIELD, ILMINSTER, TA19 9PE - £220,000

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.

7 FAIRFIELD is a very small terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £229,945. It was last sold for £220,000 in July 2024, which was around 2% below the average July 2024 terraced price in the Somerset local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

7 FAIRFIELD Sold Prices

Land registry data shows two sales for 7 FAIRFIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Somerset local authority area for the corresponding sale date. One of the two 7 FAIRFIELD sales was for below the average price, whilst the other was 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
2024 19 JUL	£220,000	£224,225	2% below HPI
2002 16 AUG	£99,278	£89,308	11% above HPI

7 FAIRFIELD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Somerset local authority area over time, sourced from the HPI. The two 7 FAIRFIELD sales from August 2002 and July 2024 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 August 2002 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2024 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 7 FAIRFIELD be worth now?

7 FAIRFIELD might now be worth an estimated £229,945.

This is based on house price inflation of 4.5%, between July 2024 and July 2026, for terraced 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 4.5% inflationary increase is applied to the most recent sale price for 7 FAIRFIELD of £220,000 on 19th July 2024. For the value to have increased from £220,000 to £229,945 over the two years to July 2026, the following assumptions must hold true:

• The value of 7 FAIRFIELD has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The July 2024 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIRFIELD has not materially changed since July 2024.

How Large is 7 FAIRFIELD?

7 FAIRFIELD is 70m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of terraced houses houses in Ilminster, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ilminster, and where 7 FAIRFIELD lies on this distribution: 4% of terraced houses houses are smaller than 7 FAIRFIELD, and 96% of houses are larger. Note that EPC data is not available for all properties in Ilminster.

7 FAIRFIELD: Plot and Title Map

7 FAIRFIELD sits on a plot of roughly 0.041 of an acre, or 165m². The below map shows the location of 7 FAIRFIELD, 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 7 FAIRFIELD). 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 7 FAIRFIELD?

7 FAIRFIELD is located in ILMINSTER, in the TA19 postcode district. The below map shows the position of No. 7 on FAIRFIELD.