8, LAMBOURN CLOSE, FAREHAM, PO14 1SL - £342,500

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.

8 LAMBOURN CLOSE is a very small extended detached house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £392,260. It was last sold for £342,500 in November 2020, which was around 29% below the average November 2020 detached price in the Fareham local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

8 LAMBOURN CLOSE Sold Prices

Land registry data shows two sales for 8 LAMBOURN CLOSE 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 8 LAMBOURN 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
2020 26 NOV	£342,500	£482,139	29% below HPI
1998 30 OCT	£109,950	£132,545	17% below HPI

8 LAMBOURN 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 two 8 LAMBOURN CLOSE sales from October 1998 and November 2020 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 October 1998 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2020 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 8 LAMBOURN CLOSE be worth now?

8 LAMBOURN CLOSE might now be worth an estimated £392,260.

This is based on house price inflation of 14.5%, between November 2020 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 14.5% inflationary increase is applied to the most recent sale price for 8 LAMBOURN CLOSE of £342,500 on 26th November 2020. For the value to have increased from £342,500 to £392,260 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 LAMBOURN CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2020 sale price of £342,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LAMBOURN CLOSE has not materially changed since November 2020.

How Large is 8 LAMBOURN CLOSE?

8 LAMBOURN CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in October 2020. 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 8 LAMBOURN CLOSE lies on this distribution: 11% of detached houses houses are smaller than 8 LAMBOURN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Fareham.

8 LAMBOURN CLOSE: Plot and Title Map

8 LAMBOURN CLOSE sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 8 LAMBOURN 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 8 LAMBOURN 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 8 LAMBOURN CLOSE?

8 LAMBOURN CLOSE is located in FAREHAM, in the PO14 postcode district. The below map shows the position of No. 8 on LAMBOURN CLOSE.