5, THE RIDGEWAY, FAREHAM, PO16 8RF - £539,500

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.

5 THE RIDGEWAY is a very large extended detached house of 181m², built sometime between 1930 and 1949, which could now be worth an estimated £725,209. It was last sold for £539,500 in February 2016, which was around 31% above the average February 2016 detached price in the Fareham local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

5 THE RIDGEWAY Sold Prices

Land registry data shows two sales for 5 THE RIDGEWAY 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 5 THE RIDGEWAY sales were for above 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 26 FEB	£539,500	£410,785	31% above HPI
2007 20 DEC	£445,000	£330,700	35% above HPI

5 THE RIDGEWAY 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 5 THE RIDGEWAY sales from December 2007 and February 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 December 2007 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the February 2016 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 5 THE RIDGEWAY be worth now?

5 THE RIDGEWAY might now be worth an estimated £725,209.

This is based on house price inflation of 34.4%, between February 2016 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 34.4% inflationary increase is applied to the most recent sale price for 5 THE RIDGEWAY of £539,500 on 26th February 2016. For the value to have increased from £539,500 to £725,209 over the nine years to February 2025, the following assumptions must hold true:

• The value of 5 THE RIDGEWAY has moved in line with the HPI for detached houses in the Fareham local authority area.
• The February 2016 sale price of £539,500 represented a fair market value for the property.
• The size, condition, and specification of 5 THE RIDGEWAY has not materially changed since February 2016.

How Large is 5 THE RIDGEWAY?

5 THE RIDGEWAY is 181m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 20% 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 5 THE RIDGEWAY lies on this distribution: 87% of detached houses houses are smaller than 5 THE RIDGEWAY, and 13% of houses are larger. Note that EPC data is not available for all properties in Fareham.

5 THE RIDGEWAY: Plot and Title Map

5 THE RIDGEWAY sits on a plot of roughly 0.253 of an acre, or 1,025m². The below map shows the location of 5 THE RIDGEWAY, 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 5 THE RIDGEWAY). 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 5 THE RIDGEWAY?

5 THE RIDGEWAY is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 5 on THE RIDGEWAY.