38, MERRYFIELD, FAREHAM, PO14 4SF - £270,000

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 MERRYFIELD is a very small detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £358,960. It was last sold for £270,000 in June 2016, which was around 35% below the average June 2016 detached price in the Fareham local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

38 MERRYFIELD Sold Prices

Land registry data shows three sales for 38 MERRYFIELD 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. All of the three 38 MERRYFIELD sales were 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
2016 28 JUN	£270,000	£415,340	35% below HPI
2006 10 MAY	£202,000	£291,878	31% below HPI
1997 24 JAN	£80,000	£111,977	29% below HPI

38 MERRYFIELD 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 MERRYFIELD sales between January 1997 and June 2016 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 2006 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2016 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 38 MERRYFIELD be worth now?

38 MERRYFIELD might now be worth an estimated £358,960.

This is based on house price inflation of 32.9%, between June 2016 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 32.9% inflationary increase is applied to the most recent sale price for 38 MERRYFIELD of £270,000 on 28th June 2016. For the value to have increased from £270,000 to £358,960 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 38 MERRYFIELD has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 38 MERRYFIELD has not materially changed since June 2016.

How Large is 38 MERRYFIELD?

38 MERRYFIELD is 80m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 38 MERRYFIELD lies on this distribution: 10% of detached houses houses are smaller than 38 MERRYFIELD, and 90% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

38 MERRYFIELD: Plot and Title Map

38 MERRYFIELD sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 38 MERRYFIELD, 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 MERRYFIELD). 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 MERRYFIELD?

38 MERRYFIELD is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 38 on MERRYFIELD.