10, SOVEREIGN LANE, WATERLOOVILLE, PO7 5RH - £375,000

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

10 SOVEREIGN LANE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £375,000 in July 2022, which was around 29% below the average July 2022 detached price in the Havant local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was B.

10 SOVEREIGN LANE Sold Prices

Land registry data shows two sales for 10 SOVEREIGN LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havant local authority area for the corresponding sale date. Both of the two 10 SOVEREIGN LANE 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 12 JUL	£375,000	£525,500	29% below HPI
2020 28 OCT	£285,000	£446,643	36% below HPI

10 SOVEREIGN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The two 10 SOVEREIGN LANE sales from October 2020 and July 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 October 2020 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 10 SOVEREIGN LANE be worth now?

10 SOVEREIGN LANE might now be worth an estimated £367,527.

This is based on house price deflation of 2%, between July 2022 and December 2024, for detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% deflationary decrease is applied to the most recent sale price for 10 SOVEREIGN LANE of £375,000 on 12th July 2022. For the value to have decreased from £375,000 to £367,527 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 10 SOVEREIGN LANE has moved in line with the HPI for detached houses in the Havant local authority area.
• The July 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 10 SOVEREIGN LANE has not materially changed since July 2022.

How Large is 10 SOVEREIGN LANE?

10 SOVEREIGN LANE is 70m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses houses in Purbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Purbrook, and where 10 SOVEREIGN LANE lies on this distribution: 9% of detached houses houses are smaller than 10 SOVEREIGN LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Purbrook.

10 SOVEREIGN LANE: Plot and Title Map

10 SOVEREIGN LANE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 10 SOVEREIGN LANE, 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 10 SOVEREIGN LANE). 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 10 SOVEREIGN LANE?

10 SOVEREIGN LANE is located in WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 10 on SOVEREIGN LANE.