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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 PARK APPROACH is a very large extended detached house of 165m², built sometime between 1996 and 2002, which could now be worth an estimated £575,539. It was last sold for £490,000 in October 2017, which was around 28% 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	£680,440	28% below HPI
2007 3 MAY	£395,000	£445,613	11% below HPI
2003 26 NOV	£396,000	£378,276	5% above HPI
2001 26 APR	£330,000	£263,623	25% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 PARK APPROACH be worth now?

3 PARK APPROACH might now be worth an estimated £575,539.

This is based on house price inflation of 17.5%, between October 2017 and December 2024, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.5% inflationary increase is applied to the most recent sale price for 3 PARK APPROACH of £490,000 on 20th October 2017. For the value to have increased from £490,000 to £575,539 over the six years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 PARK APPROACH has moved in line with the HPI for detached houses in the Winchester local authority area.
• The October 2017 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK APPROACH has not materially changed since October 2017.

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 houses in Knowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knowle, and where 3 PARK APPROACH lies on this distribution: 80% of detached houses 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.