FAIRWAYS, BARRACK LANE, TRURO, TR1 2DW - £695,000

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.

FAIRWAYS is a midsized detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £669,077. It was last sold for £695,000 in July 2023, which was around 56% above the average July 2023 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

FAIRWAYS Sold Prices

Land registry data shows three sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the three FAIRWAYS 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
2023 7 JUL	£695,000	£445,213	56% above HPI
2020 24 SEP	£585,000	£360,367	62% above HPI
2015 11 JUN	£320,000	£301,492	6% above HPI

FAIRWAYS 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 three FAIRWAYS sales between June 2015 and July 2023 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 2020 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the July 2023 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £669,077.

This is based on house price deflation of 3.7%, between July 2023 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 3.7% deflationary decrease is applied to the most recent sale price for FAIRWAYS of £695,000 on 7th July 2023. For the value to have decreased from £695,000 to £669,077 over the three years and two months to May 2026, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The July 2023 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since July 2023.

How Large is FAIRWAYS?

FAIRWAYS is 114m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Truro, based on EPC data. The below chart shows the distribution of detached houses houses by size in Truro, and where FAIRWAYS lies on this distribution: 47% of detached houses houses are smaller than FAIRWAYS, and 51% of houses are larger. Note that EPC data is not available for all properties in Truro.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on BARRACK LANE in TRURO, in the TR1 postcode district. The below map shows the position of FAIRWAYS on BARRACK LANE.