40, Park Lane
40, Park Lane
Description & Estimates
40, Park Lane, Fareham is recorded publicly as a mid-century freehold house across 1,851 ft2 of internal area, sitting on a 992 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 40, Park Lane, Fareham is £651,808 and its rental estimate is £2,501 per month, given the available information and assuming reasonable condition.
Park Lane, Fareham, PO16 falls within the PO16 postal district, in the borough of Fareham.
Our Data Sources
40, Park Lane, Fareham has a single entry in the Land Registry from March 2021 and a single entry in the EPC database dated April 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
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 40, Park Lane, Fareham, we estimate a market value of £684,398 and a rental value of £2,626 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £606,181 and £2,326 per month respectively.
Recent Market Change
Over the last year, 40, Park Lane, Fareham has seen its estimated sale value move down by £1,199 (0.2%) and its estimated rental value increase by £85 per month (3.4%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 40, Park Lane, Fareham as measuring 992 m2.
That makes it the 3rd largest plot in the postcode, where 14 of the 15 other houses have recorded plot data.
Energy Efficiency
40, Park Lane, Fareham has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Apr 2020.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 40, Park Lane, Fareham completed on 4th March 2021 at £625,000 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 5.7% over the period since March 2021.
- Sold Mar 2021£625,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Park Lane, Fareham have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th January 2023, was 32, Park Lane, Fareham, PO16 7JX, a freehold house which sold for £675,000.
Read more about house prices in PO16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 63 addresses on Park Lane, Fareham, PO16, 40, Park Lane, Fareham comes out as the 24th largest and the 33rd most expensive in our analysis of the public data.
It is also £307k more expensive than the average property across the PO16 district.
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Schools Nearby
- 500mUplands Primary School
- 500mHarrison Primary School
- 1.5kmOrchard Lea Junior School
- 1.9kmFareham Academy
- 2.1kmCams Hill School
- 2.5kmThe Henry Cort Community College
More reading links
Public Transport Nearby
From 40, Park Lane, Fareham, the nearest station is Fareham, 1.1 kilometres away.
- 1.1kmFareham
- 4.4kmPortchester
- 6.0kmSwanwick
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
