1, WELLS CLOSE, WHITELEY, FAREHAM, PO15 7HP - £270,000

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.

1 WELLS CLOSE is a very small extended detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £325,756. It was last sold for £270,000 in July 2019, which was around 41% below the average July 2019 detached price in the Fareham local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

1 WELLS CLOSE Sold Prices

Land registry data shows five sales for 1 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the five 1 WELLS CLOSE 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
2019 11 JUL	£270,000	£457,676	41% below HPI
2006 15 FEB	£202,500	£291,279	30% below HPI
2004 22 JUL	£209,000	£281,218	26% below HPI
1999 24 SEP	£98,000	£144,271	32% below HPI
1997 28 FEB	£90,000	£112,993	20% below HPI

1 WELLS 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 five 1 WELLS CLOSE sales between February 1997 and July 2019 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 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2019 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 1 WELLS CLOSE be worth now?

1 WELLS CLOSE might now be worth an estimated £325,756.

This is based on house price inflation of 20.7%, between July 2019 and February 2025, 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 20.7% inflationary increase is applied to the most recent sale price for 1 WELLS CLOSE of £270,000 on 11th July 2019. For the value to have increased from £270,000 to £325,756 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 1 WELLS CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The July 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WELLS CLOSE has not materially changed since July 2019.

How Large is 1 WELLS CLOSE?

1 WELLS CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of detached houses houses in Whiteley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whiteley, and where 1 WELLS CLOSE lies on this distribution: 12% of detached houses houses are smaller than 1 WELLS CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Whiteley.

1 WELLS CLOSE: Plot and Title Map

1 WELLS CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 1 WELLS 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 WELLS 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 WELLS CLOSE?

1 WELLS CLOSE is located in WHITELEY, in the PO15 postcode district. The below map shows the position of No. 1 on WELLS CLOSE.