3A, MURRAY CLOSE, FAREHAM, PO15 5BA - £307,500

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.

3A MURRAY CLOSE is a very small detached house of 65m², built sometime between 1996 and 2002, which could now be worth an estimated £339,057. It was last sold for £307,500 in June 2021, which was around 38% below the average June 2021 detached price in the Fareham local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

3A MURRAY CLOSE Sold Prices

Land registry data shows five sales for 3A MURRAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the five 3A MURRAY 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
2021 23 JUN	£307,500	£495,128	38% below HPI
2014 27 MAY	£190,000	£344,929	45% below HPI
2004 1 MAR	£170,000	£270,550	37% below HPI
2002 31 JUL	£150,000	£227,698	34% below HPI
2002 10 MAY	£123,000	£219,428	44% below HPI

3A MURRAY 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 five 3A MURRAY CLOSE sales between May 2002 and June 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 May 2014 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2021 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3A MURRAY CLOSE be worth now?

3A MURRAY CLOSE might now be worth an estimated £339,057.

This is based on house price inflation of 10.3%, between June 2021 and April 2026, for detached 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 10.3% inflationary increase is applied to the most recent sale price for 3A MURRAY CLOSE of £307,500 on 23rd June 2021. For the value to have increased from £307,500 to £339,057 over the five years and two months to April 2026, the following assumptions must hold true:

• The value of 3A MURRAY CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2021 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 3A MURRAY CLOSE has not materially changed since June 2021.

How Large is 3A MURRAY CLOSE?

3A MURRAY CLOSE is 65m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses houses in Fareham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fareham, and where 3A MURRAY CLOSE lies on this distribution: 4% of detached houses houses are smaller than 3A MURRAY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Fareham.

3A MURRAY CLOSE: Plot and Title Map

3A MURRAY CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 3A MURRAY 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 3A MURRAY 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 3A MURRAY CLOSE?

3A MURRAY CLOSE is located in FAREHAM, in the PO15 postcode district. The below map shows the position of No. 3A on MURRAY CLOSE.