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How much will you pay for a house for sale in Fareham?

by | Nov 15, 2022

Home $ House for sale in the UK $ How much will you pay for a house for sale in Fareham?

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As a landlord, whenever you are looking at houses for sale in Hampshire, you could find varying prices throughout an area like Fareham. In this article, this data will be simplified so you can find all of the data on one, convenient page.

So, from the rental yield of Fareham to the success you may expect to get when submitting planning permission. Everything you need to know about house for sale in the UK and in Fareham will be revealed. Keep reading.

Choose the right house for sale that suits your needs

When browsing houses for sale in Fareham you should think about lots of different criteria:

  • House for sale affordability – visit the dedicated page of the UK government to understand (see what you can afford)
  • Location of the house for sale – the region and town you are considering to live in are crucial factors to consider before looking for houses for sale. In this article, we define lots of demographic factors that should help you make a decision.
  • House for sale transport links – even if working from home is becoming more and more predominant, we suggest you check the transport links the house for sale has.
  • Number of bedrooms in the house for sale – are you looking for houses for sale for the whole family or are you single? Always think about how many bedrooms you need and if that number might change in the future
  • energy performance of the house for sale – What is the EPC of the house for sale? Today more than ever, is important that you check the EPC rating of the real estate assets available for sale on the market.
  • Internet speed in the area of the house for sale – it is important to remember that internet speed is a consequence of two factors: your plan and the infrastructure available in the area. Always check these parameters before looking for houses for sale. Especially if you are renting the property as this will impact your business costs. Whether that be in an excluded tenancy agreement or a more common, assured shorthold tenancy.
  • Does the house for sale have parking – if yes, is it on-street or is the house for sale equipped with a garage?
  • Houses for sale in conservation areas – always check the National Heritage list. If a house for sale is part of this list it means that it might be impossible for you to make changes to the property’s internal and external structure.
  • Houses for sale Conditions – some properties, like new builds, need no repairs or works; other houses listed for sale may need some investment to restore them and some others may need a complete renovation. Someone looking for houses for sale should always think about how much time and money they are willing to invest to complete the needed repairs.

houses for sale in other cities and regions in the UK

If you are looking for similar places to buy a house that are just like Fareham, examine this short list of cities below from outside of the region of South East for some inspiration.

If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.

Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.

What is the final sale price of a house in Fareham?

There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Fareham. In Fareham, this sale price works out to be £302,012. As an example, a factor like population growth over the last 10 years which works out to be 4% in Fareham and impacts house prices of the houses for sale.

Housing category Total final sale price
Average sold price (detached) £416,804
Average sold price (semi-detached) £289,489
Average sold price (terraced) £254,162
Average sold price (flat) £161,519

Above, the exact type of house is also shown to vary in price in a table in Fareham. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.

Housing category Sale price per square foot
Average sold price/sqft £3,303
Average sold price/sqft (new build) £3,467
Average sold price/sqft (old stock) £3,197

In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Fareham which is £3,303. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.

Invest in houses for sale in Fareham with the right professional advice

Nowadays, there are so many properties on the real estate market that it can be difficult to decide which one is the best house for sale for you.
So, who can help you navigate the process of choosing a house for sale?
The number of professionals that offer real estate investors advice and assistance is broad and when it comes to dealing with houses for sale, the process can be complex.

Find here a list of those that can help when buying a house for sale:

  • Moneylender – lends you the sum of money you need to buy the house for sale you are looking for
  • Insurance agent – A firm that provides several insurances and protections for the house for sale that might become your future house
  • Solicitor – A person or company that will sort out the legal work needed before buying a house for sale
  • Civil engineer – Also called surveyor, he or she will provide you with an independent valuation of the house for sale you are willing to buy
  • Mortgage advisor – Realistically, you will need a mortgage in order to afford to buy a house for sale. Mortgage advisors will guide you and propose the best mortgage deals based on your financial records
  • EPC specialist – Especially nowadays, getting professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering buying is crucial

In Fareham, what is the asking price in general for a house for sale?

Average price of houses for sale in Fareham

Average asking price (1 bed) no relevant data for this city
Average asking price (2 bed) £284,895
Average asking price (3 bed) £375,492
Average asking price (4 bed) £541,623
Average asking price (5 bed) £728,235

Based on this table, hopefully, you will be able to tell what type of house for sale is the most suitable for your budget. You can also consider the average asking price per square foot (£0) for houses for sale with this table to get a good idea as to whether Fareham is the right area to buy a house in for you.

When speaking about the city of Fareham, £388,465 is the asking price for a house for sale.

We have compiled a table of data so you can know the asking prices of the specific size of home you’re most interested in. As you can imagine, a family looking to move out with children in Fareham would be after a larger house than someone living alone.

The data is in fact very different compared to the number of rooms you’re interested in having in your home and the asking price also tends to go up in staggering amounts as you add rooms.

Why you should consider the average rental yield when searching for houses for sale in Fareham

Let’s consider that you’re not looking to buy a house for sale to live in for the long term future such as if you changed location with your family and want to settle down and you want to find somewhere to buy as an investor in Fareham. If this is the case, rental yield is a crucial statistic to consider.

If looking to invest, you should also consider other data about the area. The average rental income, the turnover of the sale of the house and what the net rental yields are like for the area do also have an impact on the final price of houses for sale in Fareham.

It is clear to see from the table below that there is a difference between all of these pieces of information and how they can be compared and contrasted on a county level (Hampshire), a regional level (South East) and finally on the level of the city talked about in this article, Fareham.

Average Yield Average Asking rent Turnover (rental) Turnover (sale)
Fareham £0 £1,169 no relevant data for this city £0
Hampshire 3.67% £1,198.75 129.21% 20.71%
South East 0.04 1,300.68 £1 16.69%

You may also find it useful to compare the data above to the number of properties sold per month Fareham experiences. This figure for house sales per month is 20. Looking at all this information holistically is what a smart investor should do when deciding on the right area for investment before looking for houses for sale.

Are there more or fewer houses being built in Fareham?

Whenever you are thinking about looking for houses for sale in Fareham, think about how the city is growing and how this may impact the overall growth of the area.

Comparing the growth at different time periods would be a great way to assess whether the growth has slowed down, remained the same or perhaps stagnated over the years.

1 year 3 years 5 years
Fareham growth rate 4% 16% 20%

As the population of Fareham grows, this may also push up the price of the houses for sale. More people would be looking to buy homes and permanently live in the area. This demand helps a home appreciate. However, this isn’t always true because some cities build a lot of houses too to match the supply.

What are the demographics like in the city of Fareham?

Have the people of Fareham grown in numbers?

In total, the number of people in Fareham is 87456. This figure can be used to estimate the appreciation of the houses but it is also important you look at the population growth figure in order to make this more accurate.

Whether a large population benefits you as a landlord is dependent on what you want from a home. A large population is great if you have children who prefer the bustle of crowds in cities but there are also those who purposely want to buy somewhere rural.

You may also be able to find a balance of both where there are shops, restaurants and entertainment and also rural areas all within a short distance which may be the case ni Fareham, depending on where exactly you are.

How has Fareham changed in the past five years?

Five years provides enough time for a city to grow dramatically. It may be the case that the population grows or shrinks but the city of Fareham has changed by 1%. Read more here

It is also helpful to compare this data to a longer time period like 10 years like in the below subheading. If the population trend of growth or decline has been there for a longer period of time you’ll be able to tell if 1% is a recent change or not.
Click here to know more on the UK population trends.

In the last decade, what is the difference in population in Fareham?

4% has been the population growth change in the past 10 years.

Usually, this is more of a conservative figure compared to the five year change of a city.

Industrial changes can also be the reason for this shift but it could also be due to immigration or emigration. Bringing people in or out of the area.

The recent global pandemic has also shifted the number of people living in cities as people realise they can now work remotely. It may be that the people of a Fareham have seen a more desirable way of working, moving to make themselves more comfortable in their careers.

For example, the population of the South west of England has seen a massive increase in population because workers want to move there to benefit from the slightly better weather, lower house prices and also the rural area. Nonetheless, they can also benefit from travelling to the capital city of the UK, London.

In Fareham, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Fareham, currently, £0 people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

How much green space is available to residents of Fareham?

In the UK, there are a range of cities which have a lot of green space. In some cases, green space can get as high as 49% of outdoor land like in the city of Edinburgh. When specifically talking about Fareham, the city has 9 per 1000 residents.

This can be compared to an average of 1.7 acres of green space per 1000 residents which is the UK’s national average. It is up to you to decide how much you’ll let the amount of green space impact your buying decision in Fareham.

In general, do people commit a lot of crime in Fareham?

In Fareham, for every 1000 people, there is currently a crime rate of 69.66666667. This can be compared to the national average of 79.52 for every 1000 people.

Low crime rates are desirable for your safety as a homeowner. Even if you don’t tend to leave the house too often and tend to not mind living in a slightly more dangerous area. Things like burglaries are always a possibility which could harm your ability to pay for home insurance and also may force you to install additional security in your home that can cost you further.

Having said this, you can look at the crime rate on a deeper level to find out what the threats are exactly. It could be the case that a proportion of these crimes (69.66666667 for every 1000 people) come from things like anti-social behaviour rather than more serious crimes like violence and sexual offences.

If this is the case you may be more willing to look over a high crime rate within the areas you’re looking to buy a home.

Located in Hampshire is the city of Fareham, in a large part of the UK; South East. Before you look for houses for sale in this area, it is a reasonable question to ask what the people who live there are like.

Below, the population of Fareham has been dissected in terms of if the population is educated, what the crime rates are like and much more. All important factors to consider before making a house purchase among the offer of the houses for sale.

The knowledge below is based on a lot of different variables relevant to the city of Fareham which impacts the profitability of making an investment here or how desirable buying a house to live in is if you want to live on a permanent basis.

What is the city of Fareham’s social grade score?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Fareham, the percentage of people in the two highest categories, A and B is 0.2833333333. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £51,400.00. This income will generally get bigger as the percentage of people in the A and B categories go up too (0.2833333333).

Is the education level of Fareham important when buying a house?

In the city of Fareham, 28% of people have degrees. In general, as the number of people who are highly educated goes up, the more likely they are to have the ability to buy houses as their annual household income goes up too.

So you can see for yourself, the average income for the people of Fareham is £51,400.00. This generally goes up with the education level of the area. Additionally, looking at the difference between the proportion of people with degrees and the UK average for this statistic (22.6%) should give you an idea of the affluence and education of the city.

A higher education level can therefore tell you if the house prices are likely to be high as the higher income level often results in people buying a bigger, more valuable house.

Having said this, whale education level can be a good factor to go by, there are also things like the rental yields, the population growth and social grades scores that can impact the value of a house and whether it will go up in value as time goes on.

How much do people in Fareham earn?

While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.

£51,400.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 0.2833333333 for Fareham.

FAQ

Are there opportunities for property renovation in Fareham?

Fareham is likely to be a great place for revamping property if there is a lot of greenlit planning permission. The are 14 each month, attaining a success rate of 95% and a total population of 87456. You can find out if this is above or below similar areas in the UK by comparing it to a nearby place

How many property sales occur per month in Fareham?

Fareham boasts a monthly total of 20 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link

What is the population change each year in a city like Fareham?

For a comprehensive analysis of Fareham’s population trends, observe the population fluctuation over a decade, indicated by 4%, and the five-year alteration represented by 1%. Perhaps also look at data from another nearby city too so you can see a comparison.

How much are houses for sale priced at in the extended region of Fareham?

Currently, the mean asking price of a house in Fareham is £0, calculated using the average value per square foot

Is investing in a house for sale in Fareham a financially demanding choice?

To assess the affordability of a property, locate a house for sale and contrast it with the mean selling prices. In Fareham, the value is £302,012, whereas the UK’s mean is £286,500

Find an estate agent where you’re looking to buy in Fareham

When buying, having the right expertise when navigating Fareham and the property market can be a great advantage. So, don’t make things harder for yourself and tackle a home purchase on your own. Browse our list of reputable estate agents below to help you on your house hunt!

Estate agent Contact number Address of agent Email
Landspeed Homes Ltd 441329596874 16 Katana House, Fareham, PO14 1AH Phone number only
Rowepropertyservices 442392550555 181 HIGH ST Phone number only
Beals Estate Agents Ltd 442392589922 2 Solent Way nan
LetCo Limited 441489668862 21 MIDDLE ROAD, PARK GATE Denis Popa (denis.popa@letcohomes.co.uk);Adam Pullinger (adam.pullinger@letcohomes.co.uk);Sue Stewart (sue.stewart@letcohomes.co.uk);Janine Bartram (janine.bartram@letcohomes.co.uk)
Billing Aquadrome 441604313177 Billing Aquadrome Limited, Royale House, 1550 Parkway, Whiteley, PO15 7AG Phone number only

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donnell-bailey

Donnell Bailey

Property expert

Donnell is a property expert focusing on the property market, he looks at a combination of legislation, information from property managers, letting agents and market trends to produce information to help landlords.

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