18, MONKS WAY, FAREHAM, PO14 3LU - £700,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 MONKS WAY is a very large extended detached house of 326m², built sometime between 1967 and 1975. It was last sold for £700,000 in August 2008, which was around 125% above the average August 2008 detached price in the Fareham local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

18 MONKS WAY Sold Prices

Land registry data shows two sales for 18 MONKS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 18 MONKS WAY sales were 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
2008 29 AUG	£700,000	£311,055	125% above HPI
2005 28 JUN	£570,000	£279,886	104% above HPI

18 MONKS 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 two 18 MONKS WAY sales from June 2005 and August 2008 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 June 2005 sale was for 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the August 2008 sale, where it rises to 125% above the HPI. The line then continues to track at 125% above the HPI.

How Large is 18 MONKS WAY?

18 MONKS WAY is 326m², which includes four extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses in Hill Head, based on EPC data. The below chart shows the distribution of detached houses by size in Hill Head, and where 18 MONKS WAY lies on this distribution: 97% of detached houses are smaller than 18 MONKS WAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Hill Head.

18 MONKS WAY: Plot and Title Map

18 MONKS WAY sits on a plot of roughly 0.282 of an acre, or 1,143m². The below map shows the location of 18 MONKS 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 18 MONKS 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 18 MONKS WAY?

18 MONKS WAY is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 18 on MONKS WAY.