15, MERECROFT, FAREHAM, PO15 5ET - £500,000

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

15 MERECROFT is a midsized extended detached house of 116m², built sometime between 2003 and 2006, which could now be worth an estimated £503,017. It was last sold for £500,000 in November 2023, which was around 9% below the average November 2023 detached price in the Fareham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

15 MERECROFT Sold Prices

Land registry data shows three sales for 15 MERECROFT 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. Two of the three 15 MERECROFT sales were for below the average price, whilst one was 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
2023 3 NOV	£500,000	£548,875	9% below HPI
2015 11 MAY	£349,950	£376,789	7% below HPI
2004 7 MAY	£300,000	£276,085	9% above HPI

15 MERECROFT 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 15 MERECROFT sales between May 2004 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 May 2015 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 MERECROFT be worth now?

15 MERECROFT might now be worth an estimated £503,017.

This is based on house price inflation of 0.6%, between November 2023 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 0.6% inflationary increase is applied to the most recent sale price for 15 MERECROFT of £500,000 on 3rd November 2023. For the value to have increased from £500,000 to £503,017 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 MERECROFT has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2023 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERECROFT has not materially changed since November 2023.

How Large is 15 MERECROFT?

15 MERECROFT is 116m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses houses in Titchfield Park, based on EPC data. The below chart shows the distribution of detached houses houses by size in Titchfield Park, and where 15 MERECROFT lies on this distribution: 55% of detached houses houses are smaller than 15 MERECROFT, and 45% of houses are larger. Note that EPC data is not available for all properties in Titchfield Park.

15 MERECROFT: Plot and Title Map

15 MERECROFT sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 15 MERECROFT, 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 15 MERECROFT). 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 15 MERECROFT?

15 MERECROFT is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 15 on MERECROFT.