2, PARK MEWS, PARK GATE, SOUTHAMPTON, SO31 1ED - £285,000

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

2 PARK MEWS is a very small detached house of 76m², built sometime between 2003 and 2006. It was last sold for £285,000 in February 2019, which was around 38% below the average February 2019 detached price in the Fareham local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

2 PARK MEWS Sold Prices

Land registry data shows three sales for 2 PARK MEWS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 2 PARK MEWS 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
2019 1 FEB	£285,000	£458,439	38% below HPI
2012 5 APR	£204,000	£321,423	37% below HPI
2006 30 JUN	£241,047	£294,483	18% below HPI

2 PARK MEWS 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 three 2 PARK MEWS sales between June 2006 and February 2019 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 April 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 2 PARK MEWS?

2 PARK MEWS is 76m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in Park Gate, based on EPC data. The below chart shows the distribution of detached houses by size in Park Gate, and where 2 PARK MEWS lies on this distribution: 4% of detached houses are smaller than 2 PARK MEWS, and 96% of houses are larger. Note that EPC data is not available for all properties in Park Gate.

2 PARK MEWS: Plot and Title Map

2 PARK MEWS sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 2 PARK MEWS, 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 PARK MEWS). 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 PARK MEWS?

2 PARK MEWS is located in PARK GATE, in the SO31 postcode district. The below map shows the position of No. 2 on PARK MEWS.