FAIRWAYS, CHAPEL LANE, HARRISEAHEAD, STOKE-ON-TRENT, ST7 4JW - £197,500

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.

FAIRWAYS is a small detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £253,782. It was last sold for £197,500 in February 2020, which was around 16% below the average February 2020 detached price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

FAIRWAYS Sold Prices

Land registry data shows six sales for FAIRWAYS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Newcastle-under-Lyme local authority area for the corresponding sale date. All of the six FAIRWAYS 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
2020 21 FEB	£197,500	£235,028	16% below HPI
2020 31 JAN	£190,000	£234,800	19% below HPI
2015 14 AUG	£168,000	£201,936	17% below HPI
2007 2 APR	£164,500	£194,655	15% below HPI
2001 7 DEC	£79,000	£93,544	16% below HPI
1998 10 JUL	£63,450	£74,740	15% below HPI

FAIRWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The six FAIRWAYS sales between July 1998 and February 2020 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 January 2020 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £253,782.

This is based on house price inflation of 28.5%, between February 2020 and February 2025, for detached houses, in the Newcastle-under-Lyme local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.5% inflationary increase is applied to the most recent sale price for FAIRWAYS of £197,500 on 21st February 2020. For the value to have increased from £197,500 to £253,782 over the five years to February 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Newcastle-under-Lyme local authority area.
• The February 2020 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since February 2020.

How Large is FAIRWAYS?

FAIRWAYS is 72m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Harriseahead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harriseahead, and where FAIRWAYS lies on this distribution: 34% of detached houses houses are smaller than FAIRWAYS, and 64% of houses are larger. Note that EPC data is not available for all properties in Harriseahead.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on CHAPEL LANE in HARRISEAHEAD, in the ST7 postcode district. The below map shows the position of FAIRWAYS on CHAPEL LANE.