24, GRASSYMEAD, FAREHAM, PO14 4SQ - £383,000

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.

24 GRASSYMEAD is a midsized extended detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £452,532. It was last sold for £383,000 in August 2018, which was around 18% below the average August 2018 detached price in the Fareham local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

24 GRASSYMEAD Sold Prices

Land registry data shows two sales for 24 GRASSYMEAD 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 24 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 3 AUG	£383,000	£467,343	18% below HPI
2007 31 AUG	£280,000	£332,227	16% below HPI

24 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 two 24 GRASSYMEAD sales from August 2007 and August 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 August 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2018 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 24 GRASSYMEAD be worth now?

24 GRASSYMEAD might now be worth an estimated £452,532.

This is based on house price inflation of 18.2%, between August 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 18.2% inflationary increase is applied to the most recent sale price for 24 GRASSYMEAD of £383,000 on 3rd August 2018. For the value to have increased from £383,000 to £452,532 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 24 GRASSYMEAD has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2018 sale price of £383,000 represented a fair market value for the property.
• The size, condition, and specification of 24 GRASSYMEAD has not materially changed since August 2018.

How Large is 24 GRASSYMEAD?

24 GRASSYMEAD is 118m², which includes two extensions, according to the EPC inspection conducted in February 2018. This puts it in the largest 50% 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 24 GRASSYMEAD lies on this distribution: 53% of detached houses houses are smaller than 24 GRASSYMEAD, and 46% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

24 GRASSYMEAD: Plot and Title Map

24 GRASSYMEAD sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 24 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 24 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 24 GRASSYMEAD?

24 GRASSYMEAD is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 24 on GRASSYMEAD.