4, RED OAKS DRIVE, PARK GATE, SOUTHAMPTON, SO31 1DG - £225,000

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

4 RED OAKS DRIVE is a very small detached house of 74m², built sometime between 1996 and 2002. It was last sold for £225,000 in February 2007, which was around 27% below the average February 2007 detached price in the Fareham local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

4 RED OAKS DRIVE Sold Prices

Land registry data shows two sales for 4 RED OAKS DRIVE 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 RED OAKS DRIVE 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
2007 26 FEB	£225,000	£308,285	27% below HPI
2001 9 FEB	£127,500	£180,634	29% below HPI

4 RED OAKS DRIVE 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 RED OAKS DRIVE sales from February 2001 and February 2007 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 2001 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2007 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 4 RED OAKS DRIVE?

4 RED OAKS DRIVE is 74m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses in Park Gate, based on EPC data. The below chart shows the distribution of detached houses by size in Park Gate, and where 4 RED OAKS DRIVE lies on this distribution: 3% of detached houses are smaller than 4 RED OAKS DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Park Gate.

4 RED OAKS DRIVE: Plot and Title Map

4 RED OAKS DRIVE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 4 RED OAKS DRIVE, 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 RED OAKS DRIVE). 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 RED OAKS DRIVE?

4 RED OAKS DRIVE is located in PARK GATE, in the SO31 postcode district. The below map shows the position of No. 4 on RED OAKS DRIVE.