7, PENNY PLACE, WATERLOOVILLE, PO7 5RL - £279,995

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 PENNY PLACE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £424,848. It was last sold for £279,995 in June 2015, which was around 18% below the average June 2015 detached price in the Havant local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was C.

7 PENNY PLACE Sold Prices

Land registry data shows two sales for 7 PENNY PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havant local authority area for the corresponding sale date. Both of the two 7 PENNY PLACE 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
2015 26 JUN	£279,995	£343,308	18% below HPI
2009 28 AUG	£203,500	£266,442	24% below HPI

7 PENNY PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The two 7 PENNY PLACE sales from August 2009 and June 2015 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 2009 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2015 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 7 PENNY PLACE be worth now?

7 PENNY PLACE might now be worth an estimated £424,848.

This is based on house price inflation of 51.7%, between June 2015 and February 2025, for detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.7% inflationary increase is applied to the most recent sale price for 7 PENNY PLACE of £279,995 on 26th June 2015. For the value to have increased from £279,995 to £424,848 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of 7 PENNY PLACE has moved in line with the HPI for detached houses in the Havant local authority area.
• The June 2015 sale price of £279,995 represented a fair market value for the property.
• The size, condition, and specification of 7 PENNY PLACE has not materially changed since June 2015.

How Large is 7 PENNY PLACE?

7 PENNY PLACE is 74m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 20% of detached houses houses in Purbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Purbrook, and where 7 PENNY PLACE lies on this distribution: 11% of detached houses houses are smaller than 7 PENNY PLACE, and 89% of houses are larger. Note that EPC data is not available for all properties in Purbrook.

7 PENNY PLACE: Plot and Title Map

7 PENNY PLACE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 7 PENNY PLACE, 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 PENNY PLACE). 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 PENNY PLACE?

7 PENNY PLACE is located in WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 7 on PENNY PLACE.