7, MINERVA DRIVE, GOSPORT, PO12 4GW - £298,000

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.

7 MINERVA DRIVE is a small detached house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £354,847. It was last sold for £298,000 in August 2018, which was around 25% below the average August 2018 detached price in the Gosport local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

7 MINERVA DRIVE Sold Prices

Land registry data shows four sales for 7 MINERVA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gosport local authority area for the corresponding sale date. All of the four 7 MINERVA 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
2018 31 AUG	£298,000	£398,114	25% below HPI
2009 3 APR	£205,000	£247,267	17% below HPI
2003 4 APR	£183,000	£236,758	23% below HPI
2000 28 JUL	£109,950	£144,338	24% below HPI

7 MINERVA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gosport local authority area over time, sourced from the HPI. The four 7 MINERVA DRIVE sales between July 2000 and August 2018 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 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 MINERVA DRIVE be worth now?

7 MINERVA DRIVE might now be worth an estimated £354,847.

This is based on house price inflation of 19.1%, between August 2018 and February 2025, for detached houses, in the Gosport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 7 MINERVA DRIVE of £298,000 on 31st August 2018. For the value to have increased from £298,000 to £354,847 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MINERVA DRIVE has moved in line with the HPI for detached houses in the Gosport local authority area.
• The August 2018 sale price of £298,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MINERVA DRIVE has not materially changed since August 2018.

How Large is 7 MINERVA DRIVE?

7 MINERVA DRIVE is 87m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses houses in Gosport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosport, and where 7 MINERVA DRIVE lies on this distribution: 26% of detached houses houses are smaller than 7 MINERVA DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Gosport.

7 MINERVA DRIVE: Plot and Title Map

7 MINERVA DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 7 MINERVA 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 7 MINERVA 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 7 MINERVA DRIVE?

7 MINERVA DRIVE is located in GOSPORT, in the PO12 postcode district. The below map shows the position of No. 7 on MINERVA DRIVE.