38, CORNAWAY LANE, FAREHAM, PO16 9DB - £305,000

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.

38 CORNAWAY LANE is a small extended semi-detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £359,934. It was last sold for £305,000 in December 2020, which was around 5% above the average December 2020 semi-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.

38 CORNAWAY LANE Sold Prices

Land registry data shows four sales for 38 CORNAWAY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Fareham local authority area for the corresponding sale date. Two of the four 38 CORNAWAY LANE sales were for above the average price, whilst one was for below 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 9 DEC	£305,000	£291,025	5% above HPI
2016 12 FEB	£250,000	£248,630	1% above HPI
2006 13 JUL	£185,000	£185,464	Close to HPI
2000 13 DEC	£55,000	£102,209	46% below HPI

38 CORNAWAY LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fareham local authority area over time, sourced from the HPI. The four 38 CORNAWAY LANE sales between December 2000 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 February 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2020 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 38 CORNAWAY LANE be worth now?

38 CORNAWAY LANE might now be worth an estimated £359,934.

This is based on house price inflation of 18%, between December 2020 and February 2025, for semi-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 18% inflationary increase is applied to the most recent sale price for 38 CORNAWAY LANE of £305,000 on 9th December 2020. For the value to have increased from £305,000 to £359,934 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 38 CORNAWAY LANE has moved in line with the HPI for semi-detached houses in the Fareham local authority area.
• The December 2020 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 38 CORNAWAY LANE has not materially changed since December 2020.

How Large is 38 CORNAWAY LANE?

38 CORNAWAY LANE is 88m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of semi-detached houses houses in Portsmouth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Portsmouth, and where 38 CORNAWAY LANE lies on this distribution: 23% of semi-detached houses houses are smaller than 38 CORNAWAY LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Portsmouth.

38 CORNAWAY LANE: Plot and Title Map

38 CORNAWAY LANE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 38 CORNAWAY 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 38 CORNAWAY 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 38 CORNAWAY LANE?

38 CORNAWAY LANE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 38 on CORNAWAY LANE.