3, FAIROAK DRIVE, LONDON, SE9 2QG - £445,000

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 FAIROAK DRIVE is a midsized extended semi-detached house of 140m², built sometime between 1950 and 1966, which could now be worth an estimated £883,226. It was last sold for £445,000 in November 2012, which was around 27% above the average November 2012 semi-detached price in the Greenwich local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was C.

3 FAIROAK DRIVE Sold Prices

Land registry data shows two sales for 3 FAIROAK DRIVE 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 Greenwich local authority area for the corresponding sale date. Both of the two 3 FAIROAK DRIVE sales were 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
2012 2 NOV	£445,000	£351,186	27% above HPI
1997 22 AUG	£199,950	£107,883	85% above HPI

3 FAIROAK DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Greenwich local authority area over time, sourced from the HPI. The two 3 FAIROAK DRIVE sales from August 1997 and November 2012 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 August 1997 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the November 2012 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 3 FAIROAK DRIVE be worth now?

3 FAIROAK DRIVE might now be worth an estimated £883,226.

This is based on house price inflation of 98.5%, between November 2012 and February 2025, for semi-detached houses, in the Greenwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 98.5% inflationary increase is applied to the most recent sale price for 3 FAIROAK DRIVE of £445,000 on 2nd November 2012. For the value to have increased from £445,000 to £883,226 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 FAIROAK DRIVE has moved in line with the HPI for semi-detached houses in the Greenwich local authority area.
• The November 2012 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FAIROAK DRIVE has not materially changed since November 2012.

How Large is 3 FAIROAK DRIVE?

3 FAIROAK DRIVE is 140m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% of semi-detached houses houses in London, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in London, and where 3 FAIROAK DRIVE lies on this distribution: 47% of semi-detached houses houses are smaller than 3 FAIROAK DRIVE, and 53% of houses are larger. Note that EPC data is not available for all properties in London.

3 FAIROAK DRIVE: Plot and Title Map

3 FAIROAK DRIVE sits on a plot of roughly 0.170 of an acre, or 689m². The below map shows the location of 3 FAIROAK DRIVE, 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 FAIROAK DRIVE). 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 FAIROAK DRIVE?

3 FAIROAK DRIVE is located in LONDON, in the SE9 postcode district. The below map shows the position of No. 3 on FAIROAK DRIVE.