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2 Magdalene Way is a residential building situated on Magdalene Way, Fareham, PO14 with 2 addresses.
It ranks as the 24th largest and 86th most expensive of the 159 buildings in the PO14 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
2 Magdalene Way is a residential building situated on Magdalene Way, Fareham, PO14 with 2 addresses.
It ranks as the 24th largest and 86th most expensive of the 159 buildings in the PO14 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £171,379 for 1 bedroom leasehold flats (441 ft2) to £175,902 for 1 bedroom leasehold flats (462 ft2) .
Monthly rental prices range from £841 pcm for 1 bed flats to £863 pcm for 1 bed flats.
The gross rental yield is between 5.9% and 5.9%.
The average value per square foot is £384.
The last sale in 2 Magdalene Way sold for £170,000 on 15th February 2023. Since then prices are down an average of 0.0%.
The current average value in the building is £173,640.
The 2 Magdalene Way Sales Market has increased by 12.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.3% | £173,640 |
| May 2025 | -3.3% | £175,975 |
| May 2024 | -2.2% | £181,993 |
| May 2023 | 1.1% | £186,073 |
| May 2022 | 10.5% | £184,119 |
| May 2021 | 1.9% | £166,667 |
| May 2020 | 2.3% | £163,520 |
| May 2019 | -0.4% | £159,772 |
| May 2018 | 0.1% | £160,455 |
| May 2017 | 3.6% | £160,232 |
| May 2016 | 6.1% | £154,622 |
| May 2015 | 8.2% | £145,797 |
| May 2014 | 7.3% | £134,708 |
| May 2013 | 2.4% | £125,599 |
| May 2012 | -1.3% | £122,656 |
| May 2011 | -1.1% | £124,313 |
| May 2010 | 6.2% | £125,698 |
| May 2009 | -13.9% | £118,361 |
| May 2008 | -1.3% | £137,505 |
| May 2007 | 0% | £139,384 |
The current average rental value in the building is £852.
The 2 Magdalene Way Rental Market has increased by 35.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.7% | £852pcm |
| May 2025 | 2.6% | £821pcm |
| May 2024 | 7.1% | £800pcm |
| May 2023 | 7.7% | £748pcm |
| May 2022 | 6.6% | £694pcm |
| May 2021 | 0.9% | £651pcm |
| May 2020 | 2.6% | £646pcm |
| May 2019 | -0.8% | £630pcm |
| May 2018 | -0.5% | £635pcm |
| May 2017 | 1.5% | £638pcm |
| May 2016 | 3.1% | £628pcm |
| May 2015 | 3.8% | £609pcm |
| May 2014 | 2.9% | £587pcm |
| May 2013 | 3.5% | £570pcm |
| May 2012 | -1.6% | £551pcm |
| May 2011 | 2.6% | £560pcm |
| May 2010 | 3.4% | £546pcm |
| May 2009 | -6.3% | £528pcm |
| May 2008 | 4.4% | £563pcm |
| May 2007 | 0% | £539pcm |
The last sale was on 15th February 2023 for £170,000 and since then the market in the area has remained stable. The building has had a total of 6 sales since 1995.
2, Magdalene Way, Fareham, PO14 4QY has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 2, Magdalene Way, Fareham, PO14 4QY is Swanwick station which is 2.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Magdalene Way, Fareham, PO14 4QY, 41.8% of property is privately owned with a mortgage and 31.8% is privately owned outright.
The graph below shows how this compares to South East 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 2, Magdalene Way, Fareham, PO14 4QY, 22.0% of residents are recorded as possessing school level qualifications and 33.8% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Magdalene Way, Fareham, PO14 4QY, the average age was 43.7 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 2, Magdalene Way, Fareham, PO14 4QY, 2.6% 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 2, Magdalene Way, Fareham, PO14 4QY, there are an average of 1.6 cars per household.
See below for how this compares to South East and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.