FAIRMEAD, BOURTON, GILLINGHAM, SP8 5BS - £450,000

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.

FAIRMEAD is a very small extended detached house of 105m², built sometime between 1930 and 1949, which could now be worth an estimated £484,577. It was last sold for £450,000 in October 2021, which was around 8% below the average October 2021 detached price in the Dorset local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was D.

FAIRMEAD Sold Prices

Land registry data shows two sales for FAIRMEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two FAIRMEAD 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
2021 29 OCT	£450,000	£490,725	8% below HPI
1996 29 NOV	£81,000	£102,686	21% below HPI

FAIRMEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two FAIRMEAD sales from November 1996 and October 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 November 1996 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might FAIRMEAD be worth now?

FAIRMEAD might now be worth an estimated £484,577.

This is based on house price inflation of 7.7%, between October 2021 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.7% inflationary increase is applied to the most recent sale price for FAIRMEAD of £450,000 on 29th October 2021. For the value to have increased from £450,000 to £484,577 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of FAIRMEAD has moved in line with the HPI for detached houses in the Dorset local authority area.
• The October 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRMEAD has not materially changed since October 2021.

How Large is FAIRMEAD?

FAIRMEAD is 105m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses houses in Bourton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bourton, and where FAIRMEAD lies on this distribution: 13% of detached houses houses are smaller than FAIRMEAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Bourton.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located in BOURTON, in the SP8 postcode district. The below map shows the position of FAIRMEAD in BOURTON.