7, MINSTER CLOSE, FAREHAM, PO15 5PB - £300,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 MINSTER CLOSE is a very small detached house of 79m², built sometime between 1991 and 1995, which could now be worth an estimated £389,958. It was last sold for £300,000 in August 2016, which was around 29% below the average August 2016 detached price in the Fareham local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

7 MINSTER CLOSE Sold Prices

Land registry data shows three sales for 7 MINSTER CLOSE 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 7 MINSTER CLOSE 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
2016 22 AUG	£300,000	£424,805	29% below HPI
1997 28 AUG	£92,950	£120,869	23% below HPI
1995 28 JUL	£69,950	£101,485	31% below HPI

7 MINSTER CLOSE 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 7 MINSTER CLOSE sales between July 1995 and August 2016 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 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2016 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 7 MINSTER CLOSE be worth now?

7 MINSTER CLOSE might now be worth an estimated £389,958.

This is based on house price inflation of 30%, between August 2016 and February 2025, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 7 MINSTER CLOSE of £300,000 on 22nd August 2016. For the value to have increased from £300,000 to £389,958 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MINSTER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2016 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MINSTER CLOSE has not materially changed since August 2016.

How Large is 7 MINSTER CLOSE?

7 MINSTER CLOSE is 79m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fareham, and where 7 MINSTER CLOSE lies on this distribution: 13% of detached houses houses are smaller than 7 MINSTER CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Fareham.

7 MINSTER CLOSE: Plot and Title Map

7 MINSTER CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 7 MINSTER CLOSE, 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 MINSTER CLOSE). 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 MINSTER CLOSE?

7 MINSTER CLOSE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 7 on MINSTER CLOSE.