48, MILLER DRIVE, FAREHAM, PO16 7LJ - £385,000

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

48 MILLER DRIVE is a large extended detached house of 134m², built sometime between 1967 and 1975. It was last sold for £385,000 in April 2018, which was around 14% below the average April 2018 detached price in the Fareham local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

48 MILLER DRIVE Sold Prices

Land registry data shows two sales for 48 MILLER 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 48 MILLER 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
2018 10 APR	£385,000	£445,263	14% below HPI
1996 15 MAY	£97,000	£101,626	5% below HPI

48 MILLER 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 48 MILLER DRIVE sales from May 1996 and April 2018 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 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the April 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 48 MILLER DRIVE?

48 MILLER DRIVE is 134m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 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 48 MILLER DRIVE lies on this distribution: 65% of detached houses are smaller than 48 MILLER DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Fareham.

48 MILLER DRIVE: Plot and Title Map

48 MILLER DRIVE sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 48 MILLER 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 48 MILLER 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 48 MILLER DRIVE?

48 MILLER DRIVE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 48 on MILLER DRIVE.