42, SOMERVELL DRIVE, FAREHAM, PO16 7QL - £517,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

42 SOMERVELL DRIVE is a small extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £517,000 in February 2023, which was around 8% below the average February 2023 detached price in the Fareham local authority area. The most recent EPC inspection was May 2022, where the current energy rating was B, and the potential energy rating was B.

42 SOMERVELL DRIVE Sold Prices

Land registry data shows three sales for 42 SOMERVELL DRIVE 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 42 SOMERVELL 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
2023 17 FEB	£517,000	£562,107	8% below HPI
2010 26 MAY	£290,000	£307,667	6% below HPI
1999 27 MAY	£118,000	£133,075	11% below HPI

42 SOMERVELL 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 three 42 SOMERVELL DRIVE sales between May 1999 and February 2023 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 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 42 SOMERVELL DRIVE?

42 SOMERVELL DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 42 SOMERVELL DRIVE lies on this distribution: 32% of detached houses are smaller than 42 SOMERVELL DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Fareham.

42 SOMERVELL DRIVE: Plot and Title Map

42 SOMERVELL DRIVE sits on a plot of roughly 17.6 acres, or 71,119m². The below map shows the location of 42 SOMERVELL 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 42 SOMERVELL 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 42 SOMERVELL DRIVE?

42 SOMERVELL DRIVE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 42 on SOMERVELL DRIVE.