7, FAIRFAX CLOSE, GARSTANG, PRESTON, PR3 1RU - £342,000

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 FAIRFAX CLOSE is a midsized detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £472,391. It was last sold for £342,000 in February 2017, which was around 52% above the average February 2017 detached price in the Wyre local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was B.

7 FAIRFAX CLOSE Sold Prices

Land registry data shows two sales for 7 FAIRFAX 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 Wyre local authority area for the corresponding sale date. Both of the two 7 FAIRFAX CLOSE 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
2017 13 FEB	£342,000	£225,685	52% above HPI
1995 24 OCT	£117,000	£83,325	40% above HPI

7 FAIRFAX CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 7 FAIRFAX CLOSE sales from October 1995 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 October 1995 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2017 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 7 FAIRFAX CLOSE be worth now?

7 FAIRFAX CLOSE might now be worth an estimated £472,391.

This is based on house price inflation of 38.1%, between February 2017 and March 2025, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.1% inflationary increase is applied to the most recent sale price for 7 FAIRFAX CLOSE of £342,000 on 13th February 2017. For the value to have increased from £342,000 to £472,391 over the seven years and eleven months to March 2025, the following assumptions must hold true:

• The value of 7 FAIRFAX CLOSE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The February 2017 sale price of £342,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIRFAX CLOSE has not materially changed since February 2017.

How Large is 7 FAIRFAX CLOSE?

7 FAIRFAX CLOSE is 119m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses houses in Bonds, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bonds, and where 7 FAIRFAX CLOSE lies on this distribution: 41% of detached houses houses are smaller than 7 FAIRFAX CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Bonds.

7 FAIRFAX CLOSE: Plot and Title Map

7 FAIRFAX CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 7 FAIRFAX 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 FAIRFAX 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 FAIRFAX CLOSE?

7 FAIRFAX CLOSE is located in GARSTANG, in the PR3 postcode district. The below map shows the position of No. 7 on FAIRFAX CLOSE.