3, PARK APPROACH, KNOWLE, FAREHAM, PO17 5LQ - £490,000

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 PARK APPROACH is a very large extended detached house of 165m², built sometime between 1996 and 2002. It was last sold for £490,000 in October 2017, which was around 27% below the average October 2017 detached price in the Winchester local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was C.

3 PARK APPROACH Sold Prices

Land registry data shows four sales for 3 PARK APPROACH since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. two of the four 3 PARK APPROACH sales were for below the average price, and four were for above 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
2017 20 OCT	£490,000	£667,745	27% below HPI
2007 3 MAY	£395,000	£437,299	10% below HPI
2003 26 NOV	£396,000	£371,218	7% above HPI
2001 26 APR	£330,000	£258,705	28% above HPI

3 PARK APPROACH Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The four 3 PARK APPROACH sales between April 2001 and October 2017 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2017 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 3 PARK APPROACH?

3 PARK APPROACH is 165m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 20% of detached houses in Knowle, based on EPC data. The below chart shows the distribution of detached houses by size in Knowle, and where 3 PARK APPROACH lies on this distribution: 80% of detached houses are smaller than 3 PARK APPROACH, and 20% of houses are larger. Note that EPC data is not available for all properties in Knowle.

3 PARK APPROACH: Plot and Title Map

3 PARK APPROACH sits on a plot of roughly 0.137 of an acre, or 555m². The below map shows the location of 3 PARK APPROACH, 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 PARK APPROACH). 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 PARK APPROACH?

3 PARK APPROACH is located in KNOWLE, in the PO17 postcode district. The below map shows the position of No. 3 on PARK APPROACH.