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House Prices in PO16

The average house price in PO16 (Fareham) is £283,402 using HM Land Registry data.

The average property price increased by £60,926 (18.85%) over the last 5 years and increased by £12,180 (2.99%) over the last 12 months.

Over the last year, there were 390 residential property sales – a decrease of 132 transactions (-33.85%) relative to the previous year. The majority of house sales (102) were in the £274,000 - £346,000 range. Then came properties in the £346,000 - £418,000 range, where 70 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 85 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,600 (-2%).

In June 2024, there were 96 new estate agency instructions, 52 agreed home sales and 66 property price reductions.

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.

Property Market Heat Gauge for PO16 (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 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
81 Linden Lea, Fareham, Hampshire, PO16 8EA	£285,000	£275,000	-£10,000	15 Feb 2024	15 May 2024	90 Days
107 Miller Drive, Fareham, Hampshire, PO16 7LS	£325,000	£320,000	-£5,000	31 Oct 2023	03 May 2024	185 Days
Flat 2, Ashwood Lodge, Northwood Square, Fareham, Hampshire, PO16 7JN	£200,000	£200,000	£00	12 Oct 2023	25 Apr 2024	196 Days
4 West Downs Close, Fareham, Hampshire, PO16 7HW	£750,000	£695,000	-£55,000	03 Nov 2023	19 Apr 2024	168 Days
28 Hatherley Crescent, Portchester, Fareham, Hampshire, PO16 9DE	£325,000	£315,000	-£10,000	02 Jan 2024	18 Apr 2024	107 Days
16 New Priory Gardens, Portchester, Fareham, Hampshire, PO16 9UH	£105,000	£105,000	£00	26 Oct 2023	16 Apr 2024	173 Days
20 Benham Grove, Portchester, Fareham, Hampshire, PO16 9LB	£260,000	£250,000	-£10,000	18 Sep 2023	10 Apr 2024	205 Days
18 Belvoir Close, Fareham, Hampshire, PO16 0PJ	£320,000	£319,000	-£1,000	24 Jan 2024	05 Apr 2024	72 Days
7 Bayly Avenue, Portchester, Fareham, Hampshire, PO16 9JU	£307,000	£303,500	-£3,500	11 Oct 2023	05 Apr 2024	177 Days
2 Postern Close, Portchester, Fareham, Hampshire, PO16 9NB	£215,000	£210,000	-£5,000	21 Jul 2023	05 Apr 2024	259 Days
42 The Causeway, Down End, Fareham, Hampshire, PO16 8RW	£495,000	£485,000	-£10,000	13 Nov 2023	05 Apr 2024	144 Days
77 Watersmeet, Fareham, Hampshire, PO16 0TG	£275,000	£270,000	-£5,000	31 Jan 2024	04 Apr 2024	64 Days
52 Elms Road, Fareham, Hampshire, PO16 0SG	£450,000	£450,000	£00	16 Oct 2023	28 Mar 2024	164 Days
40 Marina Grove, Portchester, Fareham, Hampshire, PO16 9HF	£325,000	£325,000	£00	20 Nov 2023	11 Mar 2024	112 Days
62 The Crossway, Portchester, Fareham, Hampshire, PO16 8PB	£400,000	£395,000	-£5,000	09 Aug 2023	01 Mar 2024	205 Days
18 Foxbury Grove, Portchester, Fareham, Hampshire, PO16 9JQ	£229,500	£217,500	-£12,000	31 Oct 2023	01 Mar 2024	122 Days
41 Winnham Drive, Fareham, Hampshire, PO16 8QG	£350,000	£347,500	-£2,500	07 Dec 2023	29 Feb 2024	84 Days
1 Compass Point, Fareham, Hampshire, PO16 0LJ	£150,000	£150,000	£00	29 Dec 2023	29 Feb 2024	62 Days
19 Down End Road, Fareham, Hampshire, PO16 8RG	£715,000	£685,000	-£30,000	24 Aug 2023	27 Feb 2024	187 Days
Flat 9, Moresby Court, Westbury Road, Fareham, Hampshire, PO16 7US	£139,950	£138,000	-£1,950	16 Nov 2023	20 Feb 2024	96 Days

Most Expensive Streets in PO16 (Fareham)

Postcode	Street	Area	Average	No. of Sales
PO16 7AJ	The Cedars	Fareham	£791,666	3
PO16 8RE	The Ridgeway	Fareham	£719,000	5
PO16 7LB	Park Lane	Fareham	£665,000	4
PO16 7EJ	Harrison Road	Fareham	£655,000	3
PO16 7JA	Giles Close	Fareham	£645,000	3
PO16 8AL	Portchester Road	Fareham	£635,833	3
PO16 7QS	Maylings Farm Road	Fareham	£607,100	5
PO16 9QH	Castle Street, Portchester	Fareham	£556,666	6
PO16 7UN	Kiln Road	Fareham	£553,333	3
PO16 7YQ	Poyner Close	Fareham	£550,000	4

Least Expensive Streets in PO16 (Fareham)

Postcode	Street	Area	Average	No. of Sales
PO16 0LU	Homefayre House, Western Road	Fareham	£82,200	21
PO16 9UH	New Priory Gardens	Fareham	£94,249	11
PO16 0UP	Youngbridge Court, Redlands Lane	Fareham	£95,625	4
PO16 7RU	Tiverton Court, Wickham Road	Fareham	£98,400	5
PO16 0DA	Cedar Court, Bath Lane	Fareham	£110,052	19
PO16 7SX	Trinity Street	Fareham	£119,633	15
PO16 7AS	Faregrove Court, Grove Road	Fareham	£120,724	20
PO16 8EE	Robinson Court	Fareham	£126,665	3
PO16 7US	Moresby Court, Westbury Road	Fareham	£131,807	26
PO16 0LE	Clarkes Court, Quay Street, Fareham	Fareham	£131,833	6