FAIRPARK LODGE, RIALTON ROAD, NEWQUAY, TR7 3EA - £192,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FAIRPARK LODGE is a very small detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £250,733. It was last sold for £192,500 in December 2018, which was around 44% below the average December 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

FAIRPARK LODGE Sold Prices

Land registry data shows two sales for FAIRPARK LODGE 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 FAIRPARK LODGE 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
2018 7 DEC	£192,500	£340,883	44% below HPI
2005 14 NOV	£130,000	£265,882	51% below HPI

FAIRPARK LODGE 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 FAIRPARK LODGE sales from November 2005 and December 2018 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 2005 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the December 2018 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might FAIRPARK LODGE be worth now?

FAIRPARK LODGE might now be worth an estimated £250,733.

This is based on house price inflation of 30.3%, between December 2018 and December 2024, 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 30.3% inflationary increase is applied to the most recent sale price for FAIRPARK LODGE of £192,500 on 7th December 2018. For the value to have increased from £192,500 to £250,733 over the six years to December 2024, the following assumptions must hold true:

• The value of FAIRPARK LODGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The December 2018 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of FAIRPARK LODGE has not materially changed since December 2018.

How Large is FAIRPARK LODGE?

FAIRPARK LODGE is 65m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses houses in Newquay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newquay, and where FAIRPARK LODGE lies on this distribution: 3% of detached houses houses are smaller than FAIRPARK LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Newquay.

FAIRPARK LODGE: Plot and Title Map

FAIRPARK LODGE sits on a plot of roughly 0.185 of an acre, or 747m². The below map shows the location of FAIRPARK LODGE, 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 FAIRPARK LODGE). 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 FAIRPARK LODGE?

FAIRPARK LODGE is located on RIALTON ROAD in NEWQUAY, in the TR7 postcode district. The below map shows the position of FAIRPARK LODGE on RIALTON ROAD.