12, STEEPLE WAY, FAREHAM, PO14 4QJ - £285,000

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.

12 STEEPLE WAY is a small extended detached house of 98m², built sometime between 1983 and 1990, which could now be worth an estimated £416,349. It was last sold for £285,000 in February 2015, which was around 25% below the average February 2015 detached price in the Fareham local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

12 STEEPLE WAY Sold Prices

Land registry data shows three sales for 12 STEEPLE WAY 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 12 STEEPLE WAY 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
2015 10 FEB	£285,000	£377,984	25% below HPI
2010 10 SEP	£243,000	£328,466	26% below HPI
1995 7 APR	£81,000	£101,163	20% below HPI

12 STEEPLE WAY 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 12 STEEPLE WAY sales between April 1995 and February 2015 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 September 2010 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2015 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 12 STEEPLE WAY be worth now?

12 STEEPLE WAY might now be worth an estimated £416,349.

This is based on house price inflation of 46.1%, between February 2015 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 46.1% inflationary increase is applied to the most recent sale price for 12 STEEPLE WAY of £285,000 on 10th February 2015. For the value to have increased from £285,000 to £416,349 over the ten years to February 2025, the following assumptions must hold true:

• The value of 12 STEEPLE WAY has moved in line with the HPI for detached houses in the Fareham local authority area.
• The February 2015 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 12 STEEPLE WAY has not materially changed since February 2015.

How Large is 12 STEEPLE WAY?

12 STEEPLE WAY is 98m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 40% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 12 STEEPLE WAY lies on this distribution: 32% of detached houses houses are smaller than 12 STEEPLE WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

12 STEEPLE WAY: Plot and Title Map

12 STEEPLE WAY sits on a plot of roughly 0.049 of an acre, or 200m². The below map shows the location of 12 STEEPLE WAY, 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 12 STEEPLE WAY). 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 12 STEEPLE WAY?

12 STEEPLE WAY is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 12 on STEEPLE WAY.