70, SOMERVELL DRIVE, FAREHAM, PO16 7QW - £355,000

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.

70 SOMERVELL DRIVE is a midsized extended detached house of 120m², built sometime between 1950 and 1966, which could now be worth an estimated £441,406. It was last sold for £355,000 in March 2018, which was around 20% below the average March 2018 detached price in the Fareham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

70 SOMERVELL DRIVE Sold Prices

Land registry data shows two sales for 70 SOMERVELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 70 SOMERVELL DRIVE 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
2018 9 MAR	£355,000	£444,095	20% below HPI
2011 14 OCT	£277,500	£317,401	13% below HPI

70 SOMERVELL DRIVE 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 two 70 SOMERVELL DRIVE sales from October 2011 and March 2018 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 October 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the March 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 70 SOMERVELL DRIVE be worth now?

70 SOMERVELL DRIVE might now be worth an estimated £441,406.

This is based on house price inflation of 24.3%, between March 2018 and February 2025, 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 24.3% inflationary increase is applied to the most recent sale price for 70 SOMERVELL DRIVE of £355,000 on 9th March 2018. For the value to have increased from £355,000 to £441,406 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 70 SOMERVELL DRIVE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The March 2018 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 70 SOMERVELL DRIVE has not materially changed since March 2018.

How Large is 70 SOMERVELL DRIVE?

70 SOMERVELL DRIVE is 120m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the largest 50% 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 70 SOMERVELL DRIVE lies on this distribution: 54% of detached houses houses are smaller than 70 SOMERVELL DRIVE, and 46% of houses are larger. Note that EPC data is not available for all properties in Fareham.

70 SOMERVELL DRIVE: Plot and Title Map

70 SOMERVELL DRIVE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 70 SOMERVELL DRIVE, 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 70 SOMERVELL DRIVE). 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 70 SOMERVELL DRIVE?

70 SOMERVELL DRIVE is located in FAREHAM, in the PO16 postcode district. The below map shows the position of No. 70 on SOMERVELL DRIVE.