23, GRASSYMEAD, FAREHAM, PO14 4SQ - £310,000

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.

23 GRASSYMEAD is a very small detached house of 83m², built sometime between 1976 and 1982, which could now be worth an estimated £382,175. It was last sold for £310,000 in February 2018, which was around 31% below the average February 2018 detached price in the Fareham local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

23 GRASSYMEAD Sold Prices

Land registry data shows three sales for 23 GRASSYMEAD 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 23 GRASSYMEAD 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 26 FEB	£310,000	£447,905	31% below HPI
2007 21 MAY	£245,000	£319,901	23% below HPI
1999 29 JAN	£92,000	£132,155	30% below HPI

23 GRASSYMEAD 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 23 GRASSYMEAD sales between January 1999 and February 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 May 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2018 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 23 GRASSYMEAD be worth now?

23 GRASSYMEAD might now be worth an estimated £382,175.

This is based on house price inflation of 23.3%, between February 2018 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 23.3% inflationary increase is applied to the most recent sale price for 23 GRASSYMEAD of £310,000 on 26th February 2018. For the value to have increased from £310,000 to £382,175 over the seven years to February 2025, the following assumptions must hold true:

• The value of 23 GRASSYMEAD has moved in line with the HPI for detached houses in the Fareham local authority area.
• The February 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 23 GRASSYMEAD has not materially changed since February 2018.

How Large is 23 GRASSYMEAD?

23 GRASSYMEAD is 83m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 23 GRASSYMEAD lies on this distribution: 12% of detached houses houses are smaller than 23 GRASSYMEAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

23 GRASSYMEAD: Plot and Title Map

23 GRASSYMEAD sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 23 GRASSYMEAD, 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 23 GRASSYMEAD). 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 23 GRASSYMEAD?

23 GRASSYMEAD is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 23 on GRASSYMEAD.