7, MAYS LANE, FAREHAM, PO14 2ER - £194,250

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

7 MAYS LANE is a small extended detached house of 87m², built sometime between 1930 and 1949. It was last sold for £194,250 in August 2009, which was around 31% below the average August 2009 detached price in the Fareham local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was E.

7 MAYS LANE Sold Prices

Land registry data shows two sales for 7 MAYS 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 7 MAYS 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
2009 25 AUG	£194,250	£283,177	31% below HPI
2005 29 APR	£250,000	£280,719	11% below HPI

7 MAYS 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 7 MAYS LANE sales from April 2005 and August 2009 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 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2009 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 MAYS LANE?

7 MAYS LANE is 87m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 30% of detached houses in Stubbington, based on EPC data. The below chart shows the distribution of detached houses by size in Stubbington, and where 7 MAYS LANE lies on this distribution: 26% of detached houses are smaller than 7 MAYS LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Stubbington.

7 MAYS LANE: Plot and Title Map

7 MAYS LANE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 7 MAYS 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 7 MAYS 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 7 MAYS LANE?

7 MAYS LANE is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 7 on MAYS LANE.