3, FAIRFIELDS, PROBUS, TRURO, TR2 4FG - £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.

3 FAIRFIELDS is a midsized semi-detached house of 75m², built sometime between 2007 and 2011, which could now be worth an estimated £247,033. It was last sold for £220,000 in March 2021, which was around 11% below the average March 2021 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

3 FAIRFIELDS Sold Prices

Land registry data shows two sales for 3 FAIRFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Cornwall local authority area for the corresponding sale date. One of the two 3 FAIRFIELDS 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
2021 4 MAR	£220,000	£248,283	11% below HPI
2012 29 JUN	£225,000	£184,194	22% above HPI

3 FAIRFIELDS 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 two 3 FAIRFIELDS sales from June 2012 and March 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 June 2012 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 3 FAIRFIELDS be worth now?

3 FAIRFIELDS might now be worth an estimated £247,033.

This is based on house price inflation of 12.3%, between March 2021 and April 2026, for semi-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 12.3% inflationary increase is applied to the most recent sale price for 3 FAIRFIELDS of £220,000 on 4th March 2021. For the value to have increased from £220,000 to £247,033 over the four years and eleven months to April 2026, the following assumptions must hold true:

• The value of 3 FAIRFIELDS has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The March 2021 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRFIELDS has not materially changed since March 2021.

How Large is 3 FAIRFIELDS?

3 FAIRFIELDS is 75m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of semi-detached houses in Probus, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Probus, and where 3 FAIRFIELDS lies on this distribution: 44% of semi-detached houses are smaller than 3 FAIRFIELDS, and 51% of semi-detached houses are larger. Note that EPC data is not available for all properties in Probus.

Where is 3 FAIRFIELDS?

3 FAIRFIELDS is located in PROBUS, in the TR2 postcode district.