7, FAIR FIELD PARK, FIVE LANES, LAUNCESTON, PL15 7RQ - £227,500

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

7 FAIR FIELD PARK is a very large extended detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £349,716. It was last sold for £227,500 in March 2007, which was around 21% below the average March 2007 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

7 FAIR FIELD PARK Sold Prices

Land registry data shows two sales for 7 FAIR FIELD PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. Both of the two 7 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
2007 30 MAR	£227,500	£288,836	21% below HPI
2001 23 FEB	£120,240	£121,169	1% below HPI

7 FAIR FIELD PARK 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 two 7 FAIR FIELD PARK sales from February 2001 and March 2007 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 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2007 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 7 FAIR FIELD PARK be worth now?

7 FAIR FIELD PARK might now be worth an estimated £349,716.

This is based on house price inflation of 53.7%, between March 2007 and December 2024, 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 53.7% inflationary increase is applied to the most recent sale price for 7 FAIR FIELD PARK of £227,500 on 30th March 2007. For the value to have increased from £227,500 to £349,716 over the sixteen years and three months to December 2024, the following assumptions must hold true:

• The value of 7 FAIR FIELD PARK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The March 2007 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIR FIELD PARK has not materially changed since March 2007.

How Large is 7 FAIR FIELD PARK?

7 FAIR FIELD PARK is 118m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses houses in Fivelanes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fivelanes, and where 7 FAIR FIELD PARK lies on this distribution: 81% of detached houses houses are smaller than 7 FAIR FIELD PARK, and 19% of houses are larger. Note that EPC data is not available for all properties in Fivelanes.

7 FAIR FIELD PARK: Plot and Title Map

7 FAIR FIELD PARK sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 7 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 7 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 7 FAIR FIELD PARK?

7 FAIR FIELD PARK is located in FIVE LANES, in the PL15 postcode district. The below map shows the position of No. 7 on FAIR FIELD PARK.