18, BEACON WAY, PARK GATE, SOUTHAMPTON, SO31 7GL - £308,000

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.

18 BEACON WAY is a very small extended terraced house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £312,056. It was last sold for £308,000 in May 2024, which was around 12% above the average May 2024 terraced price in the Fareham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

18 BEACON WAY Sold Prices

Land registry data shows three sales for 18 BEACON WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Fareham local authority area for the corresponding sale date. All of the three 18 BEACON WAY 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
2024 17 MAY	£308,000	£274,006	12% above HPI
2004 31 AUG	£182,500	£145,448	25% above HPI
2004 5 MAR	£136,000	£131,731	3% above HPI

18 BEACON WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Fareham local authority area over time, sourced from the HPI. The three 18 BEACON WAY sales between March 2004 and May 2024 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 2004 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2024 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 18 BEACON WAY be worth now?

18 BEACON WAY might now be worth an estimated £312,056.

This is based on house price inflation of 1.3%, between May 2024 and May 2026, for terraced houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 18 BEACON WAY of £308,000 on 17th May 2024. For the value to have increased from £308,000 to £312,056 over the two years to May 2026, the following assumptions must hold true:

• The value of 18 BEACON WAY has moved in line with the HPI for terraced houses in the Fareham local authority area.
• The May 2024 sale price of £308,000 represented a fair market value for the property.
• The size, condition, and specification of 18 BEACON WAY has not materially changed since May 2024.

How Large is 18 BEACON WAY?

18 BEACON WAY is 87m², which includes three extensions, according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of terraced houses houses in Park Gate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Park Gate, and where 18 BEACON WAY lies on this distribution: 16% of terraced houses houses are smaller than 18 BEACON WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Park Gate.

18 BEACON WAY: Plot and Title Map

18 BEACON WAY sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 18 BEACON WAY, 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 18 BEACON WAY). 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 18 BEACON WAY?

18 BEACON WAY is located in PARK GATE, in the SO31 postcode district. The below map shows the position of No. 18 on BEACON WAY.