3, FARM LANE CLOSE, WATERLOOVILLE, PO7 7AW - £350,000

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

3 FARM LANE CLOSE is a very small detached house of 75m², built sometime between 1996 and 2002. It was last sold for £350,000 in August 2020, which was around 20% below the average August 2020 detached price in the Havant local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

3 FARM LANE CLOSE Sold Prices

Land registry data shows four sales for 3 FARM LANE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Havant local authority area for the corresponding sale date. Most of the four 3 FARM LANE CLOSE 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
2020 3 AUG	£350,000	£435,349	20% below HPI
2004 21 JAN	£245,000	£258,733	5% below HPI
2002 19 APR	£175,000	£192,040	9% below HPI
1999 6 DEC	£144,950	£140,493	3% above HPI

3 FARM LANE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The four 3 FARM LANE CLOSE sales between December 1999 and August 2020 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 January 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 FARM LANE CLOSE?

3 FARM LANE CLOSE is 75m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses in Purbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Purbrook, and where 3 FARM LANE CLOSE lies on this distribution: 12% of detached houses are smaller than 3 FARM LANE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Purbrook.

3 FARM LANE CLOSE: Plot and Title Map

3 FARM LANE CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 3 FARM LANE CLOSE, 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 3 FARM LANE CLOSE). 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 3 FARM LANE CLOSE?

3 FARM LANE CLOSE is located in WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 3 on FARM LANE CLOSE.