38, INVERNESS AVENUE, FAREHAM, PO15 6AS - £335,000

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

38 INVERNESS AVENUE is a large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £335,000 in November 2014, which was around 8% below the average November 2014 detached price in the Fareham local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was C.

38 INVERNESS AVENUE Sold Prices

Land registry data shows three sales for 38 INVERNESS AVENUE 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. The three 38 INVERNESS AVENUE sales were a mix of below the average price, roughly equal to the average price, and 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
2014 20 NOV	£335,000	£363,320	8% below HPI
1997 24 OCT	£125,000	£124,401	Close to HPI
1995 20 OCT	£103,000	£101,667	1% above HPI

38 INVERNESS AVENUE 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 38 INVERNESS AVENUE sales between October 1995 and November 2014 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 1997 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2014 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 38 INVERNESS AVENUE?

38 INVERNESS AVENUE is 145m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 38 INVERNESS AVENUE lies on this distribution: 73% of detached houses are smaller than 38 INVERNESS AVENUE, and 27% of houses are larger. Note that EPC data is not available for all properties in Fareham.

38 INVERNESS AVENUE: Plot and Title Map

38 INVERNESS AVENUE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 38 INVERNESS AVENUE, 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 INVERNESS AVENUE). 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 INVERNESS AVENUE?

38 INVERNESS AVENUE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 38 on INVERNESS AVENUE.