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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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118, Mays Lane, Fareham is recorded publicly as a mid-century freehold house across 1,065 ft2 of internal area, sitting on a 686 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 118, Mays Lane, Fareham is £449,404 and its rental estimate is £1,684 per month, given the available information and assuming reasonable condition.
Mays Lane, Fareham, PO14 falls within the PO14 postal district, in the borough of Fareham.
118, Mays Lane, Fareham has a single entry in the Land Registry from December 2016 and a single entry in the EPC database dated August 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 118, Mays Lane, Fareham, we estimate a market value of £471,874 and a rental value of £1,768 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £417,945 and £1,566 per month respectively.
Over the last year, 118, Mays Lane, Fareham has seen its estimated sale value decline by £2,503 (0.6%) and its estimated rental value climb by £77 per month (4.5%). This results in an estimated gross rental yield of 4.5%.
HM Land Registry records the plot of land for 118, Mays Lane, Fareham as measuring 686 m2.
That makes it the 15th largest plot in the postcode, where 37 of the 40 other houses have recorded plot data.
118, Mays Lane, Fareham has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Aug 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 118, Mays Lane, Fareham completed on 14th December 2016 at £420,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 16.6% over the period since December 2016.
Over the past 2 years 3 properties similar to 118, Mays Lane, Fareham have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st December 2023, was 119, Mays Lane, Fareham, PO14 2ED, a freehold house which sold for £504,500.
Read more about house prices in PO14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 127 addresses on Mays Lane, Fareham, PO14, 118, Mays Lane, Fareham comes out as the 78th largest and the 89th most expensive in our analysis of the public data.
It is also £67k more expensive than the average property across the PO14 district.
From 118, Mays Lane, Fareham, the nearest station is Fareham, 2.4 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 118, Mays Lane, Fareham, 50.3% of property is privately owned outright and 35.5% is privately owned with a mortgage.
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 118, Mays Lane, Fareham, 21.0% of residents are recorded as possessing school level qualifications and 39.4% 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 118, Mays Lane, Fareham, the average age was 48.1 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 118, Mays Lane, Fareham, 1.3% 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 118, Mays 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.
