8, SOVEREIGN LANE, WATERLOOVILLE, PO7 5RH - £210,000

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 SOVEREIGN LANE is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £210,000 in November 2003, which was around 18% below the average November 2003 detached price in the Havant local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

8 SOVEREIGN LANE Sold Prices

Land registry data shows two sales for 8 SOVEREIGN 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. Both of the two 8 SOVEREIGN 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
2003 7 NOV	£210,000	£254,651	18% below HPI
1995 29 JUN	£77,500	£93,152	17% below HPI

8 SOVEREIGN 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 SOVEREIGN LANE sales from June 1995 and November 2003 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 1995 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2003 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 SOVEREIGN LANE?

8 SOVEREIGN LANE is 72m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses in Purbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Purbrook, and where 8 SOVEREIGN LANE lies on this distribution: 11% of detached houses are smaller than 8 SOVEREIGN LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Purbrook.

8 SOVEREIGN LANE: Plot and Title Map

8 SOVEREIGN LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 8 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN LANE?

8 SOVEREIGN LANE is located in WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 8 on SOVEREIGN LANE.