3, PARK LANE, COWPLAIN, WATERLOOVILLE, PO8 8AB - £617,000

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 LANE is a very large extended detached house of 177m², built sometime between 1967 and 1975. It was last sold for £617,000 in January 2023, which was around 15% above the average January 2023 detached price in the Havant local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

3 PARK LANE Sold Prices

Land registry data shows three sales for 3 PARK 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 Havant local authority area for the corresponding sale date. All of the three 3 PARK LANE sales 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
2023 17 JAN	£617,000	£535,989	15% above HPI
2001 18 MAY	£185,000	£171,088	8% above HPI
1997 1 MAY	£126,000	£107,737	17% above HPI

3 PARK LANE 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 three 3 PARK LANE sales between May 1997 and January 2023 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 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 PARK LANE be worth now?

3 PARK LANE might now be worth an estimated £592,871.

This is based on house price deflation of 3.9%, between January 2023 and December 2024, for detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.9% deflationary decrease is applied to the most recent sale price for 3 PARK LANE of £617,000 on 17th January 2023. For the value to have decreased from £617,000 to £592,871 over the one month to December 2024, the following assumptions must hold true:

• The value of 3 PARK LANE has moved in line with the HPI for detached houses in the Havant local authority area.
• The January 2023 sale price of £617,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK LANE has not materially changed since January 2023.

How Large is 3 PARK LANE?

3 PARK LANE is 177m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the largest 10% of detached houses houses in Horndean, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horndean, and where 3 PARK LANE lies on this distribution: 92% of detached houses houses are smaller than 3 PARK LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Horndean.

3 PARK LANE: Plot and Title Map

3 PARK LANE sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of 3 PARK 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 3 PARK 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 3 PARK LANE?

3 PARK LANE is located in COWPLAIN, in the PO8 postcode district. The below map shows the position of No. 3 on PARK LANE.