8, RED OAKS DRIVE, PARK GATE, SOUTHAMPTON, SO31 1DG - £339,950

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 RED OAKS DRIVE is a very small detached house of 77m², built sometime between 1996 and 2002. It was last sold for £339,950 in August 2021, which was around 33% below the average August 2021 detached price in the Fareham local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

8 RED OAKS DRIVE Sold Prices

Land registry data shows two sales for 8 RED OAKS DRIVE 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 RED OAKS DRIVE 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
2021 12 AUG	£339,950	£507,575	33% below HPI
1999 29 JAN	£102,995	£130,936	21% below HPI

8 RED OAKS DRIVE 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 RED OAKS DRIVE sales from January 1999 and August 2021 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 January 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2021 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 8 RED OAKS DRIVE?

8 RED OAKS DRIVE is 77m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses in Park Gate, based on EPC data. The below chart shows the distribution of detached houses by size in Park Gate, and where 8 RED OAKS DRIVE lies on this distribution: 4% of detached houses are smaller than 8 RED OAKS DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Park Gate.

8 RED OAKS DRIVE: Plot and Title Map

8 RED OAKS DRIVE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 8 RED OAKS DRIVE, 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 RED OAKS DRIVE). 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 RED OAKS DRIVE?

8 RED OAKS DRIVE is located in PARK GATE, in the SO31 postcode district. The below map shows the position of No. 8 on RED OAKS DRIVE.