5, BEACON CLOSE, PARK GATE, SOUTHAMPTON, SO31 7GP - £148,000

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.

5 BEACON CLOSE is a detached house, which could now be worth an estimated £367,108. It was last sold for £148,000 in May 2002, which was around 33% below the average May 2002 detached price in the Fareham local authority area.

5 BEACON CLOSE Sold Prices

Land registry data shows three sales for 5 BEACON CLOSE 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 5 BEACON 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
2002 31 MAY	£148,000	£219,428	33% below HPI
2002 21 MAR	£149,950	£214,095	30% below HPI
1996 17 DEC	£81,500	£109,066	25% below HPI

What might 5 BEACON CLOSE be worth now?

5 BEACON CLOSE might now be worth an estimated £367,108.

This is based on house price inflation of 148%, between May 2002 and May 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 148% inflationary increase is applied to the most recent sale price for 5 BEACON CLOSE of £148,000 on 31st May 2002. For the value to have increased from £148,000 to £367,108 over the 24 years to May 2026, the following assumptions must hold true:

• The value of 5 BEACON CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The May 2002 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BEACON CLOSE has not materially changed since May 2002.

Where is 5 BEACON CLOSE?

5 BEACON CLOSE is located in PARK GATE, in the SO31 postcode district.