56, PARK LANE, FAREHAM, PO16 7LB - £775,000

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

56 PARK LANE is a very large extended detached house of 167m², built sometime between 1950 and 1966. It was last sold for £775,000 in July 2022, which was around 39% above the average July 2022 detached price in the Fareham local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

56 PARK LANE Sold Prices

Land registry data shows two sales for 56 PARK LANE 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 56 PARK LANE 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
2022 28 JUL	£775,000	£556,950	39% above HPI
2007 10 AUG	£360,000	£329,162	9% above HPI

56 PARK LANE 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 56 PARK LANE sales from August 2007 and July 2022 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 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2022 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 56 PARK LANE?

56 PARK LANE is 167m², which includes three extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 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 56 PARK LANE lies on this distribution: 82% of detached houses are smaller than 56 PARK LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Fareham.

56 PARK LANE: Plot and Title Map

56 PARK LANE sits on a plot of roughly 0.186 of an acre, or 753m². The below map shows the location of 56 PARK LANE, 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 56 PARK LANE). 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 56 PARK LANE?

56 PARK LANE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 56 on PARK LANE.