8, PROSPECT AVENUE, FARNBOROUGH, GU14 8JU - £785,000

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 PROSPECT AVENUE is a very large extended detached house of 176m², built sometime between 1950 and 1966. It was last sold for £785,000 in August 2022, which was around 29% above the average August 2022 detached price in the Rushmoor local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

8 PROSPECT AVENUE Sold Prices

Land registry data shows four sales for 8 PROSPECT AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rushmoor local authority area for the corresponding sale date. Most of the four 8 PROSPECT AVENUE sales were for above 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 12 AUG	£785,000	£607,080	29% above HPI
2017 28 JUL	£670,000	£515,123	30% above HPI
2010 27 MAY	£417,500	£331,743	26% above HPI
2005 11 MAR	£275,000	£298,879	8% below HPI

8 PROSPECT AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushmoor local authority area over time, sourced from the HPI. The four 8 PROSPECT AVENUE sales between March 2005 and August 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 July 2017 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2022 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 8 PROSPECT AVENUE?

8 PROSPECT AVENUE is 176m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% of detached houses in Farnborough, based on EPC data. The below chart shows the distribution of detached houses by size in Farnborough, and where 8 PROSPECT AVENUE lies on this distribution: 90% of detached houses are smaller than 8 PROSPECT AVENUE, and 9% of houses are larger. Note that EPC data is not available for all properties in Farnborough.

8 PROSPECT AVENUE: Plot and Title Map

8 PROSPECT AVENUE sits on a plot of roughly 0.184 of an acre, or 746m². The below map shows the location of 8 PROSPECT AVENUE, 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 PROSPECT AVENUE). 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 PROSPECT AVENUE?

8 PROSPECT AVENUE is located in FARNBOROUGH, in the GU14 postcode district. The below map shows the position of No. 8 on PROSPECT AVENUE.