2, GREBE CLOSE, FAREHAM, PO16 8QN - £300,000

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

2 GREBE CLOSE is a very small detached house of 52m², built sometime between 1983 and 1990, which could now be worth an estimated £289,332. It was last sold for £300,000 in October 2022, which was around 48% below the average October 2022 detached price in the Fareham local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 GREBE CLOSE Sold Prices

Land registry data shows four sales for 2 GREBE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 2 GREBE CLOSE 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
2022 19 OCT	£300,000	£572,546	48% below HPI
2008 4 JUN	£169,000	£325,532	48% below HPI
1999 30 NOV	£81,000	£146,441	45% below HPI
1996 18 NOV	£52,750	£108,811	52% below HPI

2 GREBE CLOSE 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 four 2 GREBE CLOSE sales between November 1996 and October 2022 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 2008 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the October 2022 sale, which was also at 48% below the HPI.

What might 2 GREBE CLOSE be worth now?

2 GREBE CLOSE might now be worth an estimated £289,332.

This is based on house price deflation of 3.6%, between October 2022 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 3.6% deflationary decrease is applied to the most recent sale price for 2 GREBE CLOSE of £300,000 on 19th October 2022. For the value to have decreased from £300,000 to £289,332 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 GREBE CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The October 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREBE CLOSE has not materially changed since October 2022.

How Large is 2 GREBE CLOSE?

2 GREBE CLOSE is 52m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fareham, and where 2 GREBE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 2 GREBE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Fareham.

2 GREBE CLOSE: Plot and Title Map

2 GREBE CLOSE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 2 GREBE CLOSE, 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 GREBE CLOSE). 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 GREBE CLOSE?

2 GREBE CLOSE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 2 on GREBE CLOSE.