4, MINSTER CLOSE, FAREHAM, PO15 5PB - £245,000

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.

4 MINSTER CLOSE is a midsized extended detached house of 112m², built sometime between 1991 and 1995, which could now be worth an estimated £455,163. It was last sold for £245,000 in June 2006, which was around 18% below the average June 2006 detached price in the Fareham local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

4 MINSTER CLOSE Sold Prices

Land registry data shows two sales for 4 MINSTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 4 MINSTER CLOSE 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
2006 2 JUN	£245,000	£297,225	18% below HPI
1998 9 JAN	£114,000	£124,373	8% below HPI

4 MINSTER CLOSE 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 two 4 MINSTER CLOSE sales from January 1998 and June 2006 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 January 1998 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2006 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 4 MINSTER CLOSE be worth now?

4 MINSTER CLOSE might now be worth an estimated £455,163.

This is based on house price inflation of 85.8%, between June 2006 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 85.8% inflationary increase is applied to the most recent sale price for 4 MINSTER CLOSE of £245,000 on 2nd June 2006. For the value to have increased from £245,000 to £455,163 over the nineteen years and four months to February 2025, the following assumptions must hold true:

• The value of 4 MINSTER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2006 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MINSTER CLOSE has not materially changed since June 2006.

How Large is 4 MINSTER CLOSE?

4 MINSTER CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 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 4 MINSTER CLOSE lies on this distribution: 46% of detached houses houses are smaller than 4 MINSTER CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Fareham.

4 MINSTER CLOSE: Plot and Title Map

4 MINSTER CLOSE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 4 MINSTER CLOSE, 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 4 MINSTER CLOSE). 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 4 MINSTER CLOSE?

4 MINSTER CLOSE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 4 on MINSTER CLOSE.