248, BROOK LANE, SARISBURY GREEN, SOUTHAMPTON, SO31 7DR - £525,000

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.

248 BROOK LANE is a small extended detached house of 97m², built sometime between 1930 and 1949, which could now be worth an estimated £515,708. It was last sold for £525,000 in July 2022, which was around 7% below the average July 2022 detached price in the Fareham local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

248 BROOK LANE Sold Prices

Land registry data shows three sales for 248 BROOK LANE 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 248 BROOK LANE 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
2022 20 JUL	£525,000	£562,136	7% below HPI
2017 27 NOV	£411,250	£454,844	10% below HPI
2011 19 AUG	£245,000	£320,887	24% below HPI

248 BROOK LANE 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 248 BROOK LANE sales between August 2011 and July 2022 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 November 2017 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 248 BROOK LANE be worth now?

248 BROOK LANE might now be worth an estimated £515,708.

This is based on house price deflation of 1.8%, between July 2022 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 1.8% deflationary decrease is applied to the most recent sale price for 248 BROOK LANE of £525,000 on 20th July 2022. For the value to have decreased from £525,000 to £515,708 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 248 BROOK LANE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The July 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 248 BROOK LANE has not materially changed since July 2022.

How Large is 248 BROOK LANE?

248 BROOK LANE is 97m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% 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 248 BROOK LANE lies on this distribution: 30% of detached houses houses are smaller than 248 BROOK LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

248 BROOK LANE: Plot and Title Map

248 BROOK LANE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 248 BROOK LANE, 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 248 BROOK LANE). 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 248 BROOK LANE?

248 BROOK LANE is located in SARISBURY GREEN, in the SO31 postcode district. The below map shows the position of No. 248 on BROOK LANE.