According to the public record, 51, Park Lane, Fareham is a mid-century freehold house and with 735 ft2 of internal area and sits on a 1,295 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Park Lane, Fareham, PO16 is located in the borough of Fareham within the PO16 postal district.
51, Park Lane, Fareham has a single entry in the Land Registry database from January 2011 and a single entry in the EPC database dated June 2010.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 51 Park Lane Fareham as £425,785 and the rental value as £1,547 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 51 Park Lane Fareham has increased by £10,157 (2.4%) and its rental value has increased by £101 per month (6.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 51, Park Lane, Fareham is in very good condition we estimate a sale value of £447,075 and rental value of £1,625 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £395,980 and a rental value of £1,439 per month.
If you were able to purchase this property for the estimated value of £425,785, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,093 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 51, Park Lane, Fareham sits on a plot of 1295m2.
We have plot size data on 11 out of 18 other houses in the postcode and 51, Park Lane, Fareham sits on the 6th largest plot.
According to HM Land Registry, 51, Park Lane, Fareham was last sold on 14 Jan 2011 for £415,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2011, the market for similar properties has risen 63.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51, Park Lane, Fareham within a radius of 446m over the last 2 years.
The most recent example is 34, Somervell Drive, Fareham, PO16 7QL, a Freehold house which sold for £386,000 in Sep 2021.
Read more about house prices in PO16.
Park Lane, Fareham, PO16 has a total of 63 addresses. According to our analysis of all the public data, 51, Park Lane, Fareham is the 62nd largest and the 56th most expensive property on the street.
When compared to the postcode district it is £83k more expensive than the average property in PO16.
51, Park Lane, Fareham has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 02 Jun 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 51, Park Lane, Fareham is Fareham station which is 1.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 51, Park Lane, Fareham, 67.2% of property is privately owned outright and 27.9% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 51, Park Lane, Fareham, 11.2% of residents are recorded as possessing school level qualifications and 41.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 51, Park Lane, Fareham, the average age was 47.2 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 51, Park Lane, Fareham, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 51, Park Lane, Fareham, there are an average of 1.7 cars per household.
See below for how this compares to South East and the rest of England & Wales.