FAIR RISING, TRENANCE, NEWQUAY, TR8 4DB - £2,150,000

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.

FAIR RISING is a small extended detached house of 148m², built sometime between 1930 and 1949, which could now be worth an estimated £2,431,354. It was last sold for £2,150,000 in September 2021, which was around 456% above the average September 2021 detached price in the Cornwall local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

FAIR RISING Sold Prices

Land registry data shows two sales for FAIR RISING 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 FAIR RISING 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
2021 30 SEP	£2,150,000	£386,635	456% above HPI
2021 13 JUL	£1,400,000	£385,232	263% above HPI

FAIR RISING 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 FAIR RISING sales from July 2021 and September 2021 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 2021 sale was for 263% above the HPI. So the extrapolation line tracks at 263% above the HPI over time, until the September 2021 sale, where it rises to 456% above the HPI. The line then continues to track at 456% above the HPI.

What might FAIR RISING be worth now?

FAIR RISING might now be worth an estimated £2,431,354.

This is based on house price inflation of 13.1%, between September 2021 and February 2025, 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 13.1% inflationary increase is applied to the most recent sale price for FAIR RISING of £2,150,000 on 30th September 2021. For the value to have increased from £2,150,000 to £2,431,354 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of FAIR RISING has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2021 sale price of £2,150,000 represented a fair market value for the property.
• The size, condition, and specification of FAIR RISING has not materially changed since September 2021.

How Large is FAIR RISING?

FAIR RISING is 148m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the smallest 40% of detached houses houses in Mawgan Porth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mawgan Porth, and where FAIR RISING lies on this distribution: 31% of detached houses houses are smaller than FAIR RISING, and 69% of houses are larger. Note that EPC data is not available for all properties in Mawgan Porth.

FAIR RISING: Plot and Title Map

FAIR RISING sits on a plot of roughly 0.395 of an acre, or 1,600m². The below map shows the location of FAIR RISING, 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 FAIR RISING). 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 FAIR RISING?

FAIR RISING is located in TRENANCE, in the TR8 postcode district. The below map shows the position of FAIR RISING in TRENANCE.