51, RED OAKS DRIVE, PARK GATE, SOUTHAMPTON, SO31 1DQ - £375,000

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

51 RED OAKS DRIVE is a midsized detached house of 122m², built sometime between 1996 and 2002. It was last sold for £375,000 in December 2020, which was around 22% below the average December 2020 detached price in the Fareham local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

51 RED OAKS DRIVE Sold Prices

Land registry data shows three sales for 51 RED OAKS 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 51 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
2020 9 DEC	£375,000	£481,195	22% below HPI
2007 6 AUG	£271,500	£329,162	18% below HPI
2003 27 JUN	£249,950	£264,542	6% below HPI

51 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 three 51 RED OAKS DRIVE sales between June 2003 and December 2020 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 August 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 51 RED OAKS DRIVE?

51 RED OAKS DRIVE is 122m² according to the EPC inspection conducted in May 2019. This puts it in the largest 50% 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 51 RED OAKS DRIVE lies on this distribution: 53% of detached houses are smaller than 51 RED OAKS DRIVE, and 47% of houses are larger. Note that EPC data is not available for all properties in Park Gate.

51 RED OAKS DRIVE: Plot and Title Map

51 RED OAKS DRIVE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 51 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 51 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 51 RED OAKS DRIVE?

51 RED OAKS DRIVE is located in PARK GATE, in the SO31 postcode district. The below map shows the position of No. 51 on RED OAKS DRIVE.