1, DISCOVERY CLOSE, FAREHAM, PO14 3NZ - £220,000

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

1 DISCOVERY CLOSE is a large extended detached house of 138m², built sometime between 1983 and 1990, which could now be worth an estimated £663,135. It was last sold for £220,000 in September 2000, which was around 21% above the average September 2000 detached price in the Fareham local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

1 DISCOVERY CLOSE Sold Prices

Land registry data shows three sales for 1 DISCOVERY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 1 DISCOVERY CLOSE sales were for above 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
2000 5 SEP	£220,000	£181,641	21% above HPI
1999 18 OCT	£185,000	£144,159	28% above HPI
1997 24 MAR	£145,000	£113,578	28% above HPI

1 DISCOVERY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fareham local authority area over time, sourced from the HPI. The three 1 DISCOVERY CLOSE sales between March 1997 and September 2000 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 1999 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the September 2000 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1 DISCOVERY CLOSE be worth now?

1 DISCOVERY CLOSE might now be worth an estimated £663,135.

This is based on house price inflation of 201.4%, between September 2000 and December 2024, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 201.4% inflationary increase is applied to the most recent sale price for 1 DISCOVERY CLOSE of £220,000 on 5th September 2000. For the value to have increased from £220,000 to £663,135 over the 23 years and nine months to December 2024, the following assumptions must hold true:

• The value of 1 DISCOVERY CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The September 2000 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 1 DISCOVERY CLOSE has not materially changed since September 2000.

How Large is 1 DISCOVERY CLOSE?

1 DISCOVERY CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 30% of detached houses houses in Stubbington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stubbington, and where 1 DISCOVERY CLOSE lies on this distribution: 74% of detached houses houses are smaller than 1 DISCOVERY CLOSE, and 26% of houses are larger. Note that EPC data is not available for all properties in Stubbington.

1 DISCOVERY CLOSE: Plot and Title Map

1 DISCOVERY CLOSE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 1 DISCOVERY CLOSE, 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 1 DISCOVERY CLOSE). 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 1 DISCOVERY CLOSE?

1 DISCOVERY CLOSE is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 1 on DISCOVERY CLOSE.