9, FAIRLANDS WAY, CHEDDAR, BS27 3NN - £340,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

9 FAIRLANDS WAY is a very small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £340,000 in June 2020, which was around 6% below the average June 2020 detached price in the Somerset local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

9 FAIRLANDS WAY Sold Prices

Land registry data shows three sales for 9 FAIRLANDS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three 9 FAIRLANDS WAY 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
2020 19 JUN	£340,000	£360,172	6% below HPI
2017 12 SEP	£320,000	£344,853	7% below HPI
2007 1 OCT	£275,000	£298,084	8% below HPI

9 FAIRLANDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The three 9 FAIRLANDS WAY sales between October 2007 and June 2020 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 September 2017 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2020 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 9 FAIRLANDS WAY?

9 FAIRLANDS WAY is 80m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where 9 FAIRLANDS WAY lies on this distribution: 9% of detached houses are smaller than 9 FAIRLANDS WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

9 FAIRLANDS WAY: Plot and Title Map

9 FAIRLANDS WAY sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 9 FAIRLANDS WAY, 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 9 FAIRLANDS WAY). 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 9 FAIRLANDS WAY?

9 FAIRLANDS WAY is located in CHEDDAR, in the BS27 postcode district. The below map shows the position of No. 9 on FAIRLANDS WAY.