FAIRVIEW, CHELMSFORD ROAD, FELSTED, DUNMOW, CM6 3EP - £492,500

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

FAIRVIEW is a very small detached house of 131m², built sometime between 1930 and 1949, which could now be worth an estimated £471,276. It was last sold for £492,500 in December 2022, which was around 33% below the average December 2022 detached price in the Uttlesford local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Uttlesford local authority area for the corresponding sale date. All of the three FAIRVIEW 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
2022 6 DEC	£492,500	£736,673	33% below HPI
2006 16 MAR	£269,000	£373,260	28% below HPI
2001 20 JUL	£158,000	£254,376	38% below HPI

FAIRVIEW 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 three FAIRVIEW sales between July 2001 and December 2022 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 March 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £471,276.

This is based on house price deflation of 4.3%, between December 2022 and December 2024, 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 4.3% deflationary decrease is applied to the most recent sale price for FAIRVIEW of £492,500 on 6th December 2022. For the value to have decreased from £492,500 to £471,276 over the two years to December 2024, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the Uttlesford local authority area.
• The December 2022 sale price of £492,500 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since December 2022.

How Large is FAIRVIEW?

FAIRVIEW is 131m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of detached houses houses in Felsted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Felsted, and where FAIRVIEW lies on this distribution: 19% of detached houses houses are smaller than FAIRVIEW, and 80% of houses are larger. Note that EPC data is not available for all properties in Felsted.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on CHELMSFORD ROAD in FELSTED, in the CM6 postcode district. The below map shows the position of FAIRVIEW on CHELMSFORD ROAD.