3, FAIRMEAD MEWS, LOWER BURRATON, SALTASH, PL12 4JR - £175,000

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 FAIRMEAD MEWS is a very small detached house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £244,552. It was last sold for £175,000 in February 2017, which was around 44% below the average February 2017 detached price in the Cornwall local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

3 FAIRMEAD MEWS Sold Prices

Land registry data shows four sales for 3 FAIRMEAD MEWS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 3 FAIRMEAD MEWS 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
2017 24 FEB	£175,000	£312,880	44% below HPI
2016 11 MAR	£175,000	£312,172	44% below HPI
2004 18 JUN	£146,500	£244,795	40% below HPI
2001 9 MAR	£75,950	£123,475	38% below HPI

3 FAIRMEAD MEWS 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 four 3 FAIRMEAD MEWS sales between March 2001 and February 2017 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 March 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the February 2017 sale, which was also at 44% below the HPI.

What might 3 FAIRMEAD MEWS be worth now?

3 FAIRMEAD MEWS might now be worth an estimated £244,552.

This is based on house price inflation of 39.7%, between February 2017 and February 2025, 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 39.7% inflationary increase is applied to the most recent sale price for 3 FAIRMEAD MEWS of £175,000 on 24th February 2017. For the value to have increased from £175,000 to £244,552 over the eight years to February 2025, the following assumptions must hold true:

• The value of 3 FAIRMEAD MEWS has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The February 2017 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIRMEAD MEWS has not materially changed since February 2017.

How Large is 3 FAIRMEAD MEWS?

3 FAIRMEAD MEWS is 70m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses houses in Saltash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Saltash, and where 3 FAIRMEAD MEWS lies on this distribution: 7% of detached houses houses are smaller than 3 FAIRMEAD MEWS, and 93% of houses are larger. Note that EPC data is not available for all properties in Saltash.

3 FAIRMEAD MEWS: Plot and Title Map

3 FAIRMEAD MEWS sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 3 FAIRMEAD MEWS, 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 3 FAIRMEAD MEWS). 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 3 FAIRMEAD MEWS?

3 FAIRMEAD MEWS is located in LOWER BURRATON, in the PL12 postcode district. The below map shows the position of No. 3 on FAIRMEAD MEWS.