188, OAK ROAD, FAREHAM, PO15 5HX - £357,000

188 OAK ROAD is a very small extended detached house of 70m², built sometime between 1930 and 1949. It was last sold for £357,000 in September 2021, which was around 30% below the average September 2021 detached price in the Fareham local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

188 OAK ROAD Sold Prices

Land registry data shows three sales for 188 OAK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 188 OAK ROAD 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 27 SEP	£357,000	£511,506	30% below HPI
2020 20 NOV	£316,500	£477,692	34% below HPI
2017 24 NOV	£246,000	£450,648	45% below HPI

188 OAK ROAD 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 three 188 OAK ROAD sales between November 2017 and September 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 November 2020 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 188 OAK ROAD?

188 OAK ROAD is 70m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses by size in Fareham, and where 188 OAK ROAD lies on this distribution: 7% of detached houses are smaller than 188 OAK ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Fareham.

188 OAK ROAD: Plot and Title Map

188 OAK ROAD sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 188 OAK ROAD, 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 188 OAK ROAD). 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 188 OAK ROAD?

188 OAK ROAD is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 188 on OAK ROAD.