8, PARK LANE, COWPLAIN, WATERLOOVILLE, PO8 8AB - £590,000

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

8 PARK LANE is a very large extended detached house of 150m², built sometime between 1950 and 1966. It was last sold for £590,000 in April 2022, which was around 17% above the average April 2022 detached price in the Havant local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

8 PARK LANE Sold Prices

Land registry data shows two sales for 8 PARK LANE 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. One of the two 8 PARK LANE sales was for above the average price, whilst the other was 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
2022 1 APR	£590,000	£505,937	17% above HPI
2021 7 MAY	£395,000	£462,681	15% below HPI

8 PARK LANE 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 8 PARK LANE sales from May 2021 and April 2022 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 May 2021 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 8 PARK LANE be worth now?

8 PARK LANE might now be worth an estimated £600,601.

This is based on house price inflation of 1.8%, between April 2022 and December 2024, 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 1.8% inflationary increase is applied to the most recent sale price for 8 PARK LANE of £590,000 on 1st April 2022. For the value to have increased from £590,000 to £600,601 over the one year and four months to December 2024, the following assumptions must hold true:

• The value of 8 PARK LANE has moved in line with the HPI for detached houses in the Havant local authority area.
• The April 2022 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARK LANE has not materially changed since April 2022.

How Large is 8 PARK LANE?

8 PARK LANE is 150m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 20% of detached houses houses in Horndean, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horndean, and where 8 PARK LANE lies on this distribution: 82% of detached houses houses are smaller than 8 PARK LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Horndean.

8 PARK LANE: Plot and Title Map

8 PARK LANE sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 8 PARK LANE, 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 PARK LANE). 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 PARK LANE?

8 PARK LANE is located in COWPLAIN, in the PO8 postcode district. The below map shows the position of No. 8 on PARK LANE.