17, FAIRLANDS WAY, CHEDDAR, BS27 3NN - £345,000

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.

17 FAIRLANDS WAY is a very small detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £439,875. It was last sold for £345,000 in May 2018, which was around 4% below the average May 2018 detached price in the Somerset local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

17 FAIRLANDS WAY Sold Prices

Land registry data shows three sales for 17 FAIRLANDS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three 17 FAIRLANDS WAY 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
2018 24 MAY	£345,000	£361,121	4% below HPI
2011 1 DEC	£215,000	£280,192	23% below HPI
2007 18 SEP	£176,666	£309,020	43% below HPI

17 FAIRLANDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The three 17 FAIRLANDS WAY sales between September 2007 and May 2018 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 December 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 17 FAIRLANDS WAY be worth now?

17 FAIRLANDS WAY might now be worth an estimated £439,875.

This is based on house price inflation of 27.5%, between May 2018 and February 2025, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.5% inflationary increase is applied to the most recent sale price for 17 FAIRLANDS WAY of £345,000 on 24th May 2018. For the value to have increased from £345,000 to £439,875 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 17 FAIRLANDS WAY has moved in line with the HPI for detached houses in the Somerset local authority area.
• The May 2018 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 17 FAIRLANDS WAY has not materially changed since May 2018.

How Large is 17 FAIRLANDS WAY?

17 FAIRLANDS WAY is 75m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 10% of detached houses houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheddar, and where 17 FAIRLANDS WAY lies on this distribution: 5% of detached houses houses are smaller than 17 FAIRLANDS WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

17 FAIRLANDS WAY: Plot and Title Map

17 FAIRLANDS WAY sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 17 FAIRLANDS WAY, 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 17 FAIRLANDS WAY). 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 17 FAIRLANDS WAY?

17 FAIRLANDS WAY is located in CHEDDAR, in the BS27 postcode district. The below map shows the position of No. 17 on FAIRLANDS WAY.