According to the public record, 7, Springfield Way, Fareham is a mid-century freehold house with 1,001 ft2 of internal area and sits on a 235 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springfield Way, Fareham, PO14 is located in the borough of Fareham within the PO14 postal district.
7, Springfield Way, Fareham has 2 entries in the Land Registry database, most recently in February 2018 and a single entry in the EPC database dated January 2018.
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 7 Springfield Way Fareham as £497,431 and the rental value as £1,720 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 7 Springfield Way Fareham has increased by £11,417 (2.3%) and its rental value has increased by £116 per month (6.8%).
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 7, Springfield Way, Fareham is in very good condition we estimate a sale value of £522,302 and rental value of £1,806 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £462,611 and a rental value of £1,599 per month.
If you were able to purchase this property for the estimated value of £497,431, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,445 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, 7, Springfield Way, Fareham sits on a plot of 235m2.
We have plot size data on 9 out of 25 other houses in the postcode and 7, Springfield Way, Fareham sits on the 8th largest plot.
According to HM Land Registry, 7, Springfield Way, Fareham was last sold on 23 Feb 2018 for £395,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2018, the market for similar properties has risen 26.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Springfield Way, Fareham within a radius of 810 metres over the last 2 years.
The most recent example is 4, Farm Edge Road, Fareham, PO14 2BU, a Freehold house which sold for £490,000 in Dec 2023.
Read more about house prices in PO14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 810 metres radius of 7, Springfield Way, Fareham over the last 2 years.
Most recently 65A, Stubbington Lane, Fareham, PO14 2PG, a Freehold house let by GS Homes in Jan 2024.
Springfield Way, Fareham, PO14 has a total of 25 addresses. According to our analysis of all the public data, 7, Springfield Way, Fareham is the 20th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £108k more expensive than the average property in PO14.
7, Springfield Way, Fareham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, Springfield Way, Fareham is Fareham station which is 4.5 kilometres 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 7, Springfield Way, Fareham, 65.0% of property is privately owned outright and 31.4% 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 7, Springfield Way, Fareham, 12.6% of residents are recorded as possessing school level qualifications and 41.1% 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 7, Springfield Way, Fareham, the average age was 49.3 and the most common age was 72.
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 7, Springfield Way, Fareham, 1.5% 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 7, Springfield Way, 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.