3, THE TIMBERS, FAREHAM, PO15 5NB - £452,500

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.

3 THE TIMBERS is a midsized extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £514,469. It was last sold for £452,500 in December 2020, which was around 7% below the average December 2020 detached price in the Fareham local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 THE TIMBERS Sold Prices

Land registry data shows three sales for 3 THE TIMBERS 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. Two of the three 3 THE TIMBERS sales were for below the average price, whilst one was 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
2020 18 DEC	£452,500	£485,675	7% below HPI
2015 14 AUG	£360,000	£381,776	6% below HPI
2006 7 JUL	£325,000	£296,806	9% above HPI

3 THE TIMBERS 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 3 THE TIMBERS sales between July 2006 and December 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 August 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2020 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 3 THE TIMBERS be worth now?

3 THE TIMBERS might now be worth an estimated £514,469.

This is based on house price inflation of 13.7%, between December 2020 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 13.7% inflationary increase is applied to the most recent sale price for 3 THE TIMBERS of £452,500 on 18th December 2020. For the value to have increased from £452,500 to £514,469 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 THE TIMBERS has moved in line with the HPI for detached houses in the Fareham local authority area.
• The December 2020 sale price of £452,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE TIMBERS has not materially changed since December 2020.

How Large is 3 THE TIMBERS?

3 THE TIMBERS is 120m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 50% of detached houses houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fareham, and where 3 THE TIMBERS lies on this distribution: 54% of detached houses houses are smaller than 3 THE TIMBERS, and 45% of houses are larger. Note that EPC data is not available for all properties in Fareham.

3 THE TIMBERS: Plot and Title Map

3 THE TIMBERS sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 3 THE TIMBERS, 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 THE TIMBERS). 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 THE TIMBERS?

3 THE TIMBERS is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 3 on THE TIMBERS.