8, PARK LANE, FERNHURST, HASLEMERE, GU27 3ED - £687,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PARK LANE is a very small detached house of 88m², built sometime between 1930 and 1949. It was last sold for £687,500 in November 2023, which was around 4% below the average November 2023 detached price in the Chichester local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

8 PARK LANE Sold Prices

Land registry data shows three sales for 8 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. All of the three 8 PARK LANE 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
2023 8 NOV	£687,500	£715,816	4% below HPI
2020 10 JUL	£460,000	£599,046	23% below HPI
2018 24 SEP	£425,000	£621,737	32% below HPI

8 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The three 8 PARK LANE sales between September 2018 and November 2023 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 July 2020 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 8 PARK LANE?

8 PARK LANE is 88m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Fernhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Fernhurst, and where 8 PARK LANE lies on this distribution: 10% of detached houses are smaller than 8 PARK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Fernhurst.

8 PARK LANE: Plot and Title Map

8 PARK LANE sits on a plot of roughly 0.383 of an acre, or 1,548m². 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 FERNHURST, in the GU27 postcode district. The below map shows the position of No. 8 on PARK LANE.