41, THE SPINNEY, FAREHAM, PO16 8QD - £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

41 THE SPINNEY is a very small detached house of 76m², built sometime between 1950 and 1966. It was last sold for £335,000 in July 2016, which was around 19% below the average July 2016 detached price in the Fareham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

41 THE SPINNEY Sold Prices

Land registry data shows two sales for 41 THE SPINNEY 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 41 THE SPINNEY 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 14 JUL	£335,000	£415,062	19% below HPI
1996 28 FEB	£92,000	£100,500	8% below HPI

41 THE SPINNEY 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 41 THE SPINNEY sales from February 1996 and July 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 February 1996 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the July 2016 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 41 THE SPINNEY?

41 THE SPINNEY is 76m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 41 THE SPINNEY lies on this distribution: 11% of detached houses are smaller than 41 THE SPINNEY, and 88% of houses are larger. Note that EPC data is not available for all properties in Fareham.

41 THE SPINNEY: Plot and Title Map

41 THE SPINNEY sits on a plot of roughly 0.144 of an acre, or 583m². The below map shows the location of 41 THE SPINNEY, 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 41 THE SPINNEY). 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 41 THE SPINNEY?

41 THE SPINNEY is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 41 on THE SPINNEY.