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House Prices in PO15

The average house price in PO15 (Fareham) is £410,000 using HM Land Registry data.

The average property price increased by £101,364 (23.46%) over the last 5 years and increased by £20,264 (3.6%) over the last 12 months.

Over the last year, there were 238 residential property sales – a decrease of 217 transactions (-91.18%) relative to the previous year. The majority of house sales (82) were in the £270,000 - £350,000 range. Then came properties in the £350,000 - £430,000 range, where 53 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,652 (-2%).

In June 2024, there were 78 new estate agency instructions, 51 agreed home sales and 38 property price reductions.

5-Year Average Property Prices in PO15 (Fareham)

23.46%

Property prices in Fareham increased by 23.46% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PO15 (Fareham) Over the Last Year

3.6%

Property prices in Fareham increased by 3.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for PO15 (Fareham) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PO15 (Fareham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PO15 (Fareham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PO15 (Fareham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PO15 (Fareham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO15 postcode area since 1995.

Recent Sales in PO15 (Fareham)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
18 Hyssop Close, Whiteley, Fareham, Hampshire, PO15 7JS	£370,000	£365,000	-£5,000	20 Oct 2023	22 May 2024	215 Days
7 Exmoor Close, Whiteley, Fareham, Hampshire, PO15 7DF	£365,000	£365,000	£00	23 Nov 2023	17 May 2024	176 Days
19 Mollison Rise, Whiteley, Fareham, Hampshire, PO15 7JX	£400,000	£397,500	-£2,500	09 Jan 2024	10 May 2024	122 Days
19 Mimosa Close, Fareham, Hampshire, PO15 5DP	£275,000	£275,000	£00	31 Jan 2024	07 May 2024	97 Days
183 Blackbrook Road, Fareham, Hampshire, PO15 5BP	£315,000	£293,000	-£22,000	14 Aug 2023	01 May 2024	261 Days
29 Caspian Close, Whiteley, Fareham, Hampshire, PO15 7BP	£600,000	£575,000	-£25,000	17 Jul 2023	26 Apr 2024	284 Days
3 Fareham Park Road, Fareham, Hampshire, PO15 6LA	£650,000	£625,000	-£25,000	17 Aug 2023	19 Apr 2024	246 Days
160 Gudge Heath Lane, Fareham, Hampshire, PO15 6PS	£308,000	£280,000	-£28,000	09 Nov 2023	19 Apr 2024	162 Days
5 Julie Avenue, Fareham, Hampshire, PO15 5JU	£330,000	£325,000	-£5,000	12 Jan 2024	18 Apr 2024	97 Days
35 Berber Close, Whiteley, Fareham, Hampshire, PO15 7HF	£385,000	£385,000	£00	30 Jan 2024	17 Apr 2024	78 Days
33 Marlow Close, Fareham, Hampshire, PO15 6HJ	£329,950	£325,000	-£4,950	24 May 2023	11 Apr 2024	323 Days
36 Sunlight Gardens, Fareham, Hampshire, PO15 6DQ	£325,000	£320,000	-£5,000	25 Sep 2023	10 Apr 2024	198 Days
4 Harlequin Grove, Fareham, Hampshire, PO15 5AT	£250,000	£242,500	-£7,500	15 Nov 2023	26 Mar 2024	132 Days
34 Walton Court, Fareham, Hampshire, PO15 6EZ	£290,000	£290,000	£00	22 May 2023	16 Feb 2024	270 Days
26 Elgin Close, Fareham, Hampshire, PO15 6AW	£465,000	£455,000	-£10,000	06 Oct 2023	16 Feb 2024	133 Days
7 Sunbury Court, Fareham, Hampshire, PO15 6HB	£415,000	£385,000	-£30,000	08 Jun 2023	13 Feb 2024	250 Days
65 Blackbrook Road, Fareham, Hampshire, PO15 5DG	£315,000	£305,000	-£10,000	08 Jul 2023	01 Feb 2024	208 Days
29 Park Walk, Fareham, Hampshire, PO15 6NG	£259,500	£255,000	-£4,500	01 Nov 2023	26 Jan 2024	86 Days
4 Persian Drive, Whiteley, Fareham, Hampshire, PO15 7BJ	£900,000	£875,000	-£25,000	21 Jun 2023	19 Jan 2024	212 Days
2 Harlequin Grove, Fareham, Hampshire, PO15 5AT	£215,000	£210,000	-£5,000	04 Sep 2023	19 Jan 2024	137 Days

Most Expensive Streets in PO15 (Fareham)

Postcode	Street	Area	Average	No. of Sales
PO15 6TJ	Skylark Meadows, Whiteley	Fareham	£1,342,000	5
PO15 6RP	Lee Ground	Fareham	£874,166	3
PO15 7JR	Johnson View, Whiteley	Fareham	£760,000	4
PO15 7FZ	Carroll Close, Whiteley	Fareham	£733,000	5
PO15 5JH	Brookmeadow	Fareham	£703,333	3
PO15 7JD	Bleriot Crescent, Whiteley	Fareham	£696,958	6
PO15 7HL	Leafy Lane, Whiteley	Fareham	£677,694	9
PO15 7BY	Java Drive, Whiteley	Fareham	£665,000	3
PO15 5QN	Chalford Grange	Fareham	£655,000	4
PO15 5JW	Blackbrook Park Avenue	Fareham	£627,500	3

Least Expensive Streets in PO15 (Fareham)

Postcode	Street	Area	Average	No. of Sales
PO15 6HL	Buckingham Court, Highlands Road	Fareham	£118,674	20
PO15 5FD	Clarendon House, Park Cottage Drive	Fareham	£151,250	4
PO15 6DX	Stirling Court, Inverness Avenue	Fareham	£156,500	3
PO15 6LE	Fareham Park Road	Fareham	£166,666	3
PO15 6FD	Burt Close	Fareham	£171,666	3
PO15 5HZ	Oak Court, Oak Road	Fareham	£179,833	3
PO15 7EG	Aintree Court, Timor Close	Fareham	£180,000	4
PO15 6NZ	Cort Way	Fareham	£183,800	5
PO15 7GX	Balmoral House, Thyme Avenue	Fareham	£184,500	3
PO15 6DH	Stirling Court, Frosthole Crescent	Fareham	£184,748	3