14, FAIR FIELD PARK, FIVE LANES, LAUNCESTON, PL15 7RQ - £140,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

14 FAIR FIELD PARK is a very small extended semi-detached house of 73m², built sometime between 1996 and 2002, which could now be worth an estimated £242,510. It was last sold for £140,000 in May 2009, which was around 17% below the average May 2009 semi-detached price in the Cornwall local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was B.

14 FAIR FIELD PARK Sold Prices

Land registry data shows three sales for 14 FAIR FIELD PARK 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 Cornwall local authority area for the corresponding sale date. All of the three 14 FAIR FIELD PARK sales 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
2009 21 MAY	£140,000	£169,360	17% below HPI
2002 27 FEB	£88,500	£91,390	3% below HPI
2000 27 OCT	£74,950	£75,885	1% below HPI

14 FAIR FIELD PARK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Cornwall local authority area over time, sourced from the HPI. The three 14 FAIR FIELD PARK sales between October 2000 and May 2009 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 February 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the May 2009 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 14 FAIR FIELD PARK be worth now?

14 FAIR FIELD PARK might now be worth an estimated £242,510.

This is based on house price inflation of 73.2%, between May 2009 and December 2024, 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 73.2% inflationary increase is applied to the most recent sale price for 14 FAIR FIELD PARK of £140,000 on 21st May 2009. For the value to have increased from £140,000 to £242,510 over the fourteen years and five months to December 2024, the following assumptions must hold true:

• The value of 14 FAIR FIELD PARK has moved in line with the HPI for semi-detached houses in the Cornwall local authority area.
• The May 2009 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 14 FAIR FIELD PARK has not materially changed since May 2009.

How Large is 14 FAIR FIELD PARK?

14 FAIR FIELD PARK is 73m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of semi-detached houses houses in Fivelanes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Fivelanes, and where 14 FAIR FIELD PARK lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 14 FAIR FIELD PARK, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

14 FAIR FIELD PARK: Plot and Title Map

14 FAIR FIELD PARK sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 14 FAIR FIELD PARK, 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 14 FAIR FIELD PARK). 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 14 FAIR FIELD PARK?

14 FAIR FIELD PARK is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 14 on FAIR FIELD PARK.