1B, PEAK LANE, FAREHAM, PO14 1RP - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1B PEAK LANE is a very large detached house of 212m², built sometime between 1967 and 1975. It was last sold for £450,000 in September 2016, which was around 7% above the average September 2016 detached price in the Fareham local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was B.

1B PEAK LANE Sold Prices

Land registry data shows two sales for 1B PEAK 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 Fareham local authority area for the corresponding sale date. One of the two 1B PEAK LANE sales was for above the average price, whilst the other was 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
2016 26 SEP	£450,000	£421,927	7% above HPI
2012 27 NOV	£300,000	£317,850	6% below HPI

1B PEAK LANE 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 1B PEAK LANE sales from November 2012 and September 2016 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 November 2012 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2016 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 1B PEAK LANE?

1B PEAK LANE is 212m² according to the EPC inspection conducted in December 2016. This puts it in the largest 10% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 1B PEAK LANE lies on this distribution: 94% of detached houses are smaller than 1B PEAK LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Fareham.

1B PEAK LANE: Plot and Title Map

1B PEAK LANE sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of 1B PEAK 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 1B PEAK 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 1B PEAK LANE?

1B PEAK LANE is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 1B on PEAK LANE.