2, MINSTER CLOSE, FAREHAM, PO15 5PB - £282,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MINSTER CLOSE is a small extended detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £395,886. It was last sold for £282,500 in November 2015, which was around 28% below the average November 2015 detached price in the Fareham local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

2 MINSTER CLOSE Sold Prices

Land registry data shows two sales for 2 MINSTER CLOSE 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 2 MINSTER 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
2015 19 NOV	£282,500	£394,035	28% below HPI
2006 30 MAY	£194,995	£291,878	33% below HPI

2 MINSTER 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 two 2 MINSTER CLOSE sales from May 2006 and November 2015 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 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2015 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 MINSTER CLOSE be worth now?

2 MINSTER CLOSE might now be worth an estimated £395,886.

This is based on house price inflation of 40.1%, between November 2015 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 40.1% inflationary increase is applied to the most recent sale price for 2 MINSTER CLOSE of £282,500 on 19th November 2015. For the value to have increased from £282,500 to £395,886 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MINSTER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2015 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MINSTER CLOSE has not materially changed since November 2015.

How Large is 2 MINSTER CLOSE?

2 MINSTER CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 30% 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 MINSTER CLOSE lies on this distribution: 20% of detached houses houses are smaller than 2 MINSTER CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Fareham.

2 MINSTER CLOSE: Plot and Title Map

2 MINSTER CLOSE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 2 MINSTER 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 MINSTER 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 MINSTER CLOSE?

2 MINSTER CLOSE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 2 on MINSTER CLOSE.