FAIRBANK, STORTFORD ROAD, CLAVERING, SAFFRON WALDEN, CB11 4PE - £375,000

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.

FAIRBANK is a very small detached house of 64m², built sometime between 1930 and 1949, which could now be worth an estimated £394,224. It was last sold for £375,000 in July 2024, which was around 46% below the average July 2024 detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

FAIRBANK Sold Prices

Land registry data shows two sales for FAIRBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. Both of the two FAIRBANK 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
2024 1 JUL	£375,000	£694,412	46% below HPI
2001 31 OCT	£67,500	£272,707	75% below HPI

FAIRBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The two FAIRBANK sales from October 2001 and July 2024 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 2001 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the July 2024 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might FAIRBANK be worth now?

FAIRBANK might now be worth an estimated £394,224.

This is based on house price inflation of 5.1%, between July 2024 and February 2025, for detached houses, in the Uttlesford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for FAIRBANK of £375,000 on 1st July 2024. For the value to have increased from £375,000 to £394,224 over the one year and five months to February 2025, the following assumptions must hold true:

• The value of FAIRBANK has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The July 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRBANK has not materially changed since July 2024.

How Large is FAIRBANK?

FAIRBANK is 64m² according to the EPC inspection conducted in September 2023. This puts it in the smallest 10% of detached houses houses in Clavering, based on EPC data. The below chart shows the distribution of detached houses houses by size in Clavering, and where FAIRBANK lies on this distribution: 4% of detached houses houses are smaller than FAIRBANK, and 95% of houses are larger. Note that EPC data is not available for all properties in Clavering.

FAIRBANK: Plot and Title Map

FAIRBANK sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of FAIRBANK, 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 FAIRBANK). 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 FAIRBANK?

FAIRBANK is located on STORTFORD ROAD in CLAVERING, in the CB11 postcode district. The below map shows the position of FAIRBANK on STORTFORD ROAD.