62, PARK LANE, FAREHAM, PO16 7LB - £249,995

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

62 PARK LANE is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £249,995 in July 2011, which was around 23% below the average July 2011 detached price in the Fareham local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

62 PARK LANE Sold Prices

Land registry data shows three sales for 62 PARK LANE 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 62 PARK LANE 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
2011 15 JUL	£249,995	£323,498	23% below HPI
2006 13 APR	£225,000	£288,357	22% below HPI
2005 24 JUN	£225,000	£279,886	20% below HPI

62 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 three 62 PARK LANE sales between June 2005 and July 2011 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 April 2006 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the July 2011 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 62 PARK LANE?

62 PARK LANE is 66m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 62 PARK LANE lies on this distribution: 5% of detached houses are smaller than 62 PARK LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Fareham.

62 PARK LANE: Plot and Title Map

62 PARK LANE sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 62 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 62 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 62 PARK LANE?

62 PARK LANE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 62 on PARK LANE.