2, WATERSMEET, FAREHAM, PO16 0TE - £302,000

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 WATERSMEET is a very small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £302,000 in December 2018, which was around 34% below the average December 2018 detached price in the Fareham local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

2 WATERSMEET Sold Prices

Land registry data shows three sales for 2 WATERSMEET 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 WATERSMEET 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
2018 7 DEC	£302,000	£455,641	34% below HPI
2006 16 JUN	£211,000	£294,483	28% below HPI
1999 31 MAR	£112,500	£133,621	16% below HPI

2 WATERSMEET 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 WATERSMEET sales between March 1999 and December 2018 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 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 WATERSMEET?

2 WATERSMEET is 80m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 2 WATERSMEET lies on this distribution: 14% of detached houses are smaller than 2 WATERSMEET, and 85% of houses are larger. Note that EPC data is not available for all properties in Fareham.

2 WATERSMEET: Plot and Title Map

2 WATERSMEET sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 2 WATERSMEET, 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 WATERSMEET). 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 WATERSMEET?

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