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House Prices in PO16 House Prices in PO16 (Fareham)

The average house price in PO16 (Fareham) is £367,397 using HM Land Registry data.

The average property price increased by £44,713 (18.85%) over the last 5 years and increased by £8,959 (2.99%) over the last 12 months.

Over the last year, there were 381 residential property sales – a decrease of 108 transactions (-28.35%) relative to the previous year. The majority of house sales (108) were in the £278,000 - £352,000 range. Then came properties in the £204,000 - £278,000 range, where 76 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 120 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,076 (-2%).

In Dec 24, there were 30 new estate agency instructions, 26 agreed home sales and 25 property price reductions.

Nearby Postcodes: PO12, PO13, PO14, PO15, PO17, PO2, PO3, PO6, PO7, PO9, SO30, SO31, SO32

5-Year Average Property Prices in PO16 (Fareham)

18.85%

Property prices in Fareham increased by 18.85% 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 PO16 (Fareham) Over the Last Year

2.99%

Property prices in Fareham increased by 2.99% 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.

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).

Property Market Heat Gauge for PO16 (Fareham) - Dec 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 PO16 (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 PO16 (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 PO16 (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 PO16 (Fareham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO16 postcode area since 1995.

Recent Sales in PO16 (Fareham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
34 North Hill, Fareham, Hampshire, PO16 7HP£290,000£280,000-£10,00005 Jul 202420 Nov 2024138 Days
48 Wicor Mill Lane, Portchester, Fareham, Hampshire, PO16 9EG£369,995£360,000-£9,99509 Jul 202420 Nov 2024134 Days
4 Portchester Heights, Portchester, Fareham, Hampshire, PO16 8JU£575,000£565,000-£10,00015 Jul 202415 Nov 2024123 Days
29 Neville Avenue, Fareham, Hampshire, PO16 9NT£265,000£259,500-£5,50001 Jul 202415 Nov 2024137 Days
35 Maylings Farm Road, Fareham, Hampshire, PO16 7QU£425,000£375,000-£50,00030 Aug 202415 Nov 202477 Days
48 Gordon Road, Fareham, Hampshire, PO16 7SP£255,000£252,500-£2,50019 Jul 202412 Nov 2024116 Days
24 Westbrook Road, Portchester, Fareham, Hampshire, PO16 9NS£250,000£237,500-£12,50016 Aug 202408 Nov 202484 Days
21 Serpentine Road, Fareham, Hampshire, PO16 7ED£395,000£387,500-£7,50010 Jun 202401 Nov 2024144 Days
29 Riverside Avenue, Fareham, Hampshire, PO16 8TF£575,000£450,000-£125,00006 Jul 202431 Oct 2024117 Days
18 Salterns Estate, Fareham, Hampshire, PO16 0SE£325,000£315,000-£10,00008 Mar 202431 Oct 2024237 Days
61 Watersmeet, Fareham, Hampshire, PO16 0TG£310,000£300,000-£10,00025 Apr 202430 Oct 2024188 Days
27 Robinson Court, Fareham, Hampshire, PO16 8EE£139,995£139,995£0024 May 202429 Oct 2024158 Days
17 Vincent Grove, Fareham, Hampshire, PO16 9RS£318,500£318,500£0029 May 202425 Oct 2024149 Days
12 Miller Drive, Fareham, Hampshire, PO16 7LQ£575,000£550,000-£25,00005 Feb 202419 Aug 2024196 Days
Flat 17, Cedar Court, Bath Lane, Fareham, Hampshire, PO16 0DA£135,000£133,000-£2,00028 Nov 202316 Aug 2024262 Days
14 Kingfishers, Fareham, Hampshire, PO16 8ND£290,000£280,000-£10,00028 Feb 202413 Aug 2024167 Days
16 The Drive, Fareham, Hampshire, PO16 7NL£365,000£360,000-£5,00002 Apr 202406 Aug 2024126 Days
16 Kilmiston Drive, Fareham, Hampshire, PO16 8DY£307,500£307,500£0009 Apr 202405 Aug 2024118 Days
29 Merton Avenue, Portchester, Fareham, Hampshire, PO16 9NE£315,000£310,000-£5,00015 May 202405 Aug 202482 Days
Flat 21, Homefayre House, Western Road, Fareham, Hampshire, PO16 0LU£75,000£70,000-£5,00006 Mar 202402 Aug 2024149 Days

Most Expensive Streets in PO16 (Fareham)

PostcodeStreetAreaAverageNo. of Sales
PO16 7NAMiller DriveFareham£843,3333
PO16 8REThe RidgewayFareham£715,5007
PO16 7LBPark LaneFareham£665,0004
PO16 8APPortchester RoadFareham£665,0003
PO16 7JAGiles CloseFareham£645,0003
PO16 7QSMaylings Farm RoadFareham£610,6254
PO16 0TEWatersmeetFareham£585,8333
PO16 8PSCams Bay CloseFareham£585,0003
PO16 7UDBurnham WoodFareham£583,1663
PO16 7DZSouthampton RoadFareham£579,4163

Least Expensive Streets in PO16 (Fareham)

PostcodeStreetAreaAverageNo. of Sales
PO16 0LUHomefayre House, Western RoadFareham£79,48623
PO16 0UPYoungbridge Court, Redlands LaneFareham£95,6254
PO16 9UHNew Priory GardensFareham£96,24911
PO16 7RUTiverton Court, Wickham RoadFareham£98,4005
PO16 0DACedar Court, Bath LaneFareham£108,81822
PO16 7ASFaregrove Court, Grove RoadFareham£116,28919
PO16 7SXTrinity StreetFareham£124,76615
PO16 8EERobinson CourtFareham£126,6653
PO16 7USMoresby Court, Westbury RoadFareham£131,36627
PO16 0LEClarkes Court, Quay Street, FarehamFareham£133,5005

Explore PO16 (Fareham) using map

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