8, MAGDALENE WAY, FAREHAM, PO14 4QY - £249,000

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.

8 MAGDALENE WAY is a very small detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £364,911. It was last sold for £249,000 in May 2015, which was around 34% below the average May 2015 detached price in the Fareham local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

8 MAGDALENE WAY Sold Prices

Land registry data shows two sales for 8 MAGDALENE WAY 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 MAGDALENE WAY 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 15 MAY	£249,000	£376,789	34% below HPI
1997 4 JUN	£83,000	£116,601	29% below HPI

8 MAGDALENE WAY 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 MAGDALENE WAY sales from June 1997 and May 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 June 1997 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2015 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 8 MAGDALENE WAY be worth now?

8 MAGDALENE WAY might now be worth an estimated £364,911.

This is based on house price inflation of 46.6%, between May 2015 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 46.6% inflationary increase is applied to the most recent sale price for 8 MAGDALENE WAY of £249,000 on 15th May 2015. For the value to have increased from £249,000 to £364,911 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 8 MAGDALENE WAY has moved in line with the HPI for detached houses in the Fareham local authority area.
• The May 2015 sale price of £249,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MAGDALENE WAY has not materially changed since May 2015.

How Large is 8 MAGDALENE WAY?

8 MAGDALENE WAY is 76m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of detached houses houses in Titchfield Common, based on EPC data. The below chart shows the distribution of detached houses houses by size in Titchfield Common, and where 8 MAGDALENE WAY lies on this distribution: 6% of detached houses houses are smaller than 8 MAGDALENE WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Titchfield Common.

8 MAGDALENE WAY: Plot and Title Map

8 MAGDALENE WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 8 MAGDALENE WAY, 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 MAGDALENE WAY). 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 MAGDALENE WAY?

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