15, FAIROAK CLOSE, KENLEY, CR8 5LJ - £740,000

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.

15 FAIROAK CLOSE is a midsized extended detached house of 137m², built sometime between 1967 and 1975, which could now be worth an estimated £754,379. It was last sold for £740,000 in December 2020, which was around 11% below the average December 2020 detached price in the Croydon local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

15 FAIROAK CLOSE Sold Prices

Land registry data shows two sales for 15 FAIROAK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Croydon local authority area for the corresponding sale date. One of the two 15 FAIROAK CLOSE 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
2020 3 DEC	£740,000	£829,879	11% below HPI
1999 5 MAY	£215,000	£213,311	1% above HPI

15 FAIROAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Croydon local authority area over time, sourced from the HPI. The two 15 FAIROAK CLOSE sales from May 1999 and December 2020 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 May 1999 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 15 FAIROAK CLOSE be worth now?

15 FAIROAK CLOSE might now be worth an estimated £754,379.

This is based on house price inflation of 1.9%, between December 2020 and March 2025, for detached houses, in the Croydon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for 15 FAIROAK CLOSE of £740,000 on 3rd December 2020. For the value to have increased from £740,000 to £754,379 over the five years and nine months to March 2025, the following assumptions must hold true:

• The value of 15 FAIROAK CLOSE has moved in line with the HPI for detached houses in the Croydon local authority area.
• The December 2020 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of 15 FAIROAK CLOSE has not materially changed since December 2020.

How Large is 15 FAIROAK CLOSE?

15 FAIROAK CLOSE is 137m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 50% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 15 FAIROAK CLOSE lies on this distribution: 45% of detached houses houses are smaller than 15 FAIROAK CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in London.

15 FAIROAK CLOSE: Plot and Title Map

15 FAIROAK CLOSE sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of 15 FAIROAK CLOSE, 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 15 FAIROAK CLOSE). 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 15 FAIROAK CLOSE?

15 FAIROAK CLOSE is located in KENLEY, in the CR8 postcode district. The below map shows the position of No. 15 on FAIROAK CLOSE.