23, THE SPINNEY, FAREHAM, PO16 8QD - £420,000

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 THE SPINNEY is a very small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £507,436. It was last sold for £420,000 in August 2019, which was around 8% below the average August 2019 detached price in the Fareham local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was D.

23 THE SPINNEY Sold Prices

Land registry data shows three sales for 23 THE SPINNEY 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 THE SPINNEY 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 30 AUG	£420,000	£457,040	8% below HPI
2018 31 MAY	£412,500	£448,733	8% below HPI
2017 27 OCT	£410,000	£453,897	10% below HPI

23 THE SPINNEY 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 THE SPINNEY sales between October 2017 and August 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 May 2018 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2019 sale, which was also at 8% below the HPI.

What might 23 THE SPINNEY be worth now?

23 THE SPINNEY might now be worth an estimated £507,436.

This is based on house price inflation of 20.8%, between August 2019 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 20.8% inflationary increase is applied to the most recent sale price for 23 THE SPINNEY of £420,000 on 30th August 2019. For the value to have increased from £420,000 to £507,436 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 23 THE SPINNEY has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2019 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 23 THE SPINNEY has not materially changed since August 2019.

How Large is 23 THE SPINNEY?

23 THE SPINNEY is 84m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% 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 23 THE SPINNEY lies on this distribution: 18% of detached houses houses are smaller than 23 THE SPINNEY, and 82% of houses are larger. Note that EPC data is not available for all properties in Fareham.

23 THE SPINNEY: Plot and Title Map

23 THE SPINNEY sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of 23 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

23 THE SPINNEY is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 23 on THE SPINNEY.