1, ORCHID CLOSE, FAREHAM, PO15 6FF - £460,000

1 ORCHID CLOSE is a very small detached house of 79m². It was last sold for £460,000 in May 2022, which was around 15% below the average May 2022 detached price in the Fareham local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

1 ORCHID CLOSE Sold Prices

Land registry data shows four sales for 1 ORCHID CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 1 ORCHID CLOSE 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
2022 12 MAY	£460,000	£543,725	15% below HPI
2021 12 AUG	£392,500	£507,575	23% below HPI
2018 23 NOV	£342,500	£458,390	25% below HPI
2017 17 MAY	£75,000	£436,619	83% below HPI

1 ORCHID CLOSE 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 four 1 ORCHID CLOSE sales between May 2017 and May 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 August 2021 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 ORCHID CLOSE?

1 ORCHID CLOSE is 79m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 1 ORCHID CLOSE lies on this distribution: 14% of detached houses are smaller than 1 ORCHID CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Fareham.

1 ORCHID CLOSE: Plot and Title Map

1 ORCHID CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 1 ORCHID CLOSE, 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 1 ORCHID CLOSE). 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 1 ORCHID CLOSE?

1 ORCHID CLOSE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 1 on ORCHID CLOSE.