1, THE OAKES, FAREHAM, PO14 3TP - £485,500

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

1 THE OAKES is a midsized detached house of 104m², built sometime between 1983 and 1990, which could now be worth an estimated £484,293. It was last sold for £485,500 in November 2023, which was around 12% below the average November 2023 detached price in the Fareham local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

1 THE OAKES Sold Prices

Land registry data shows three sales for 1 THE OAKES 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 THE OAKES 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
2023 30 NOV	£485,500	£548,875	12% below HPI
2023 2 FEB	£500,000	£567,341	12% below HPI
1996 29 JUL	£92,500	£106,666	13% below HPI

1 THE OAKES 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 THE OAKES sales between July 1996 and November 2023 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 February 2023 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2023 sale, which was also at 12% below the HPI.

What might 1 THE OAKES be worth now?

1 THE OAKES might now be worth an estimated £484,293.

This is based on house price deflation of 0.2%, between November 2023 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 0.2% deflationary decrease is applied to the most recent sale price for 1 THE OAKES of £485,500 on 30th November 2023. For the value to have decreased from £485,500 to £484,293 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 1 THE OAKES has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2023 sale price of £485,500 represented a fair market value for the property.
• The size, condition, and specification of 1 THE OAKES has not materially changed since November 2023.

How Large is 1 THE OAKES?

1 THE OAKES is 104m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% 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 THE OAKES lies on this distribution: 43% of detached houses houses are smaller than 1 THE OAKES, and 57% of houses are larger. Note that EPC data is not available for all properties in Stubbington.

1 THE OAKES: Plot and Title Map

1 THE OAKES sits on a plot of roughly 12.7 acres, or 51,528m². The below map shows the location of 1 THE OAKES, 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 THE OAKES). 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 THE OAKES?

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