FAIRVIEW, MELLS LANE, RADSTOCK, BA3 3NN - £440,000

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.

FAIRVIEW is a very large extended semi-detached house of 154m², built sometime between 1900 and 1929, which could now be worth an estimated £515,562. It was last sold for £440,000 in January 2021, which was around 18% above the average January 2021 semi-detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Bath and North East Somerset local authority area for the corresponding sale date. One of the three FAIRVIEW sales was for above the average price, whilst two 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
2021 25 JAN	£440,000	£373,305	18% above HPI
2016 25 AUG	£260,000	£319,725	19% below HPI
2012 18 JUL	£224,000	£243,486	8% below HPI

FAIRVIEW Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The three FAIRVIEW sales between July 2012 and January 2021 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 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £515,562.

This is based on house price inflation of 17.2%, between January 2021 and February 2025, for semi-detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for FAIRVIEW of £440,000 on 25th January 2021. For the value to have increased from £440,000 to £515,562 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for semi-detached houses in the Bath and North East Somerset local authority area.
• The January 2021 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since January 2021.

How Large is FAIRVIEW?

FAIRVIEW is 154m², which includes four extensions, according to the EPC inspection conducted in October 2020. This puts it in the largest 20% of semi-detached houses houses in Radstock, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Radstock, and where FAIRVIEW lies on this distribution: 84% of semi-detached houses houses are smaller than FAIRVIEW, and 16% of houses are larger. Note that EPC data is not available for all properties in Radstock.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on MELLS LANE in RADSTOCK, in the BA3 postcode district. The below map shows the position of FAIRVIEW on MELLS LANE.