8A, SPRING GARDEN LANE, GOSPORT, PO12 1HY - £315,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8A SPRING GARDEN LANE is a large extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £563,124. It was last sold for £315,000 in February 2010, which was around 19% above the average February 2010 detached price in the Gosport local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

8A SPRING GARDEN LANE Sold Prices

Land registry data shows three sales for 8A SPRING GARDEN 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 Gosport local authority area for the corresponding sale date. One of the three 8A SPRING GARDEN LANE sales was for above the average price, whilst two 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
2010 19 FEB	£315,000	£265,179	19% above HPI
2004 5 JUL	£241,000	£248,171	3% below HPI
1999 16 FEB	£110,000	£120,128	8% below HPI

8A SPRING GARDEN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gosport local authority area over time, sourced from the HPI. The three 8A SPRING GARDEN LANE sales between February 1999 and February 2010 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 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2010 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 8A SPRING GARDEN LANE be worth now?

8A SPRING GARDEN LANE might now be worth an estimated £563,124.

This is based on house price inflation of 78.8%, between February 2010 and February 2025, for detached houses, in the Gosport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 78.8% inflationary increase is applied to the most recent sale price for 8A SPRING GARDEN LANE of £315,000 on 19th February 2010. For the value to have increased from £315,000 to £563,124 over the fifteen years to February 2025, the following assumptions must hold true:

• The value of 8A SPRING GARDEN LANE has moved in line with the HPI for detached houses in the Gosport local authority area.
• The February 2010 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 8A SPRING GARDEN LANE has not materially changed since February 2010.

How Large is 8A SPRING GARDEN LANE?

8A SPRING GARDEN LANE is 124m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the largest 40% of detached houses houses in Gosport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosport, and where 8A SPRING GARDEN LANE lies on this distribution: 61% of detached houses houses are smaller than 8A SPRING GARDEN LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Gosport.

8A SPRING GARDEN LANE: Plot and Title Map

8A SPRING GARDEN LANE sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 8A SPRING GARDEN 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 8A SPRING GARDEN 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 8A SPRING GARDEN LANE?

8A SPRING GARDEN LANE is located in GOSPORT, in the PO12 postcode district. The below map shows the position of No. 8A on SPRING GARDEN LANE.