2, FAIRMEAD WAY, TOTTON, SOUTHAMPTON, SO40 7JH - £316,500

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

2 FAIRMEAD WAY is a very large extended detached house of 131m², built sometime between 1983 and 1990. It was last sold for £316,500 in August 2013, which was around 10% below the average August 2013 detached price in the New Forest local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 FAIRMEAD WAY Sold Prices

Land registry data shows three sales for 2 FAIRMEAD 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 New Forest local authority area for the corresponding sale date. The three 2 FAIRMEAD WAY sales were a mix of below the average price, and roughly equal to 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
2013 19 AUG	£316,500	£351,071	10% below HPI
2010 20 AUG	£325,000	£347,115	6% below HPI
2001 17 AUG	£205,000	£205,549	Close to HPI

2 FAIRMEAD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three 2 FAIRMEAD WAY sales between August 2001 and August 2013 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 August 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2013 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 FAIRMEAD WAY?

2 FAIRMEAD WAY is 131m², which includes four extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 20% of detached houses in Totton, based on EPC data. The below chart shows the distribution of detached houses by size in Totton, and where 2 FAIRMEAD WAY lies on this distribution: 83% of detached houses are smaller than 2 FAIRMEAD WAY, and 17% of houses are larger. Note that EPC data is not available for all properties in Totton.

2 FAIRMEAD WAY: Plot and Title Map

2 FAIRMEAD WAY sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 2 FAIRMEAD 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 2 FAIRMEAD 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 2 FAIRMEAD WAY?

2 FAIRMEAD WAY is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 2 on FAIRMEAD WAY.