7, FAIRACRES CLOSE, POTTERS BAR, EN6 2LT - £287,000

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.

7 FAIRACRES CLOSE is a very small detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £623,749. It was last sold for £287,000 in September 2005, which was around 47% below the average September 2005 detached price in the Hertsmere local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

7 FAIRACRES CLOSE Sold Prices

Land registry data shows two sales for 7 FAIRACRES 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 Hertsmere local authority area for the corresponding sale date. Both of the two 7 FAIRACRES CLOSE 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
2005 12 SEP	£287,000	£539,745	47% below HPI
2002 24 JUL	£241,000	£464,098	48% below HPI

7 FAIRACRES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hertsmere local authority area over time, sourced from the HPI. The two 7 FAIRACRES CLOSE sales from July 2002 and September 2005 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 July 2002 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2005 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 7 FAIRACRES CLOSE be worth now?

7 FAIRACRES CLOSE might now be worth an estimated £623,749.

This is based on house price inflation of 117.3%, between September 2005 and February 2025, for detached houses, in the Hertsmere local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 117.3% inflationary increase is applied to the most recent sale price for 7 FAIRACRES CLOSE of £287,000 on 12th September 2005. For the value to have increased from £287,000 to £623,749 over the twenty years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 FAIRACRES CLOSE has moved in line with the HPI for detached houses in the Hertsmere local authority area.
• The September 2005 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIRACRES CLOSE has not materially changed since September 2005.

How Large is 7 FAIRACRES CLOSE?

7 FAIRACRES CLOSE is 88m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses houses in Potters Bar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potters Bar, and where 7 FAIRACRES CLOSE lies on this distribution: 17% of detached houses houses are smaller than 7 FAIRACRES CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Potters Bar.

7 FAIRACRES CLOSE: Plot and Title Map

7 FAIRACRES CLOSE sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of 7 FAIRACRES 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 7 FAIRACRES 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 7 FAIRACRES CLOSE?

7 FAIRACRES CLOSE is located in POTTERS BAR, in the EN6 postcode district. The below map shows the position of No. 7 on FAIRACRES CLOSE.