32, PARK LANE, FAREHAM, PO16 7JX - £675,000

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

32 PARK LANE is a very large extended detached house of 164m², built sometime between 1950 and 1966. It was last sold for £675,000 in January 2023, which was around 19% above the average January 2023 detached price in the Fareham local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

32 PARK LANE Sold Prices

Land registry data shows four sales for 32 PARK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 32 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 30 JAN	£675,000	£566,972	19% above HPI
2015 12 OCT	£487,500	£391,370	25% above HPI
2003 10 JUL	£330,000	£265,449	24% above HPI
1999 29 JAN	£146,000	£130,936	12% above HPI

32 PARK LANE 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 four 32 PARK LANE sales between January 1999 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 October 2015 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2023 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 32 PARK LANE?

32 PARK LANE is 164m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 32 PARK LANE lies on this distribution: 81% of detached houses are smaller than 32 PARK LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Fareham.

32 PARK LANE: Plot and Title Map

32 PARK LANE sits on a plot of roughly 0.167 of an acre, or 675m². The below map shows the location of 32 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 32 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 32 PARK LANE?

32 PARK LANE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 32 on PARK LANE.