Property for sale in Fareham

As of late 2023, the average house prices in Fareham hover around £325,000, reflecting a stable property market within the region. Specific property types see varying prices; for example, a three-bedroom semi-detached house typically sells for about £350,000, while two-bedroom flats are generally priced around £230,000. Larger family homes, such as four-bedroom detached houses, can reach upwards of £500,000 or more, depending on the location and amenities. The town's proximity to Portsmouth and its appealing local amenities contribute to these values. In recent months, properties in Fareham have shown a consistent appreciation in price, influenced by demand and a limited supply of homes on the market.

Over the past year, real estate prices in Fareham have shown a notable upward trend. According to recent data, the average property price has increased from approximately £295,000 to around £310,000, marking a rise of about 5%. Specifically, terraced houses have experienced a significant shift, with average prices climbing from £270,000 to £285,000. Meanwhile, semi-detached homes have also seen a notable increase, from £320,000 to £340,000. The demand for properties in Fareham has been influenced by factors such as its proximity to Southampton and transport links, with recent sales data indicating that properties often receive multiple offers, contributing to the upward pressure on prices. Additionally, larger family homes have been particularly sought after, with some four-bedroom houses selling for upwards of £450,000, reflecting a shift in buyer priorities amidst changing lifestyle demands.

Property prices in Fareham are influenced by several key factors, including location, local amenities, and transport links. For instance, houses in highly sought-after areas like the town center often command higher prices, with recent data indicating an average price of around £300,000 for a three-bedroom home in that region. In contrast, properties in less central neighborhoods, such as Funtley, typically see prices closer to £250,000 for similar size homes. The presence of schools, particularly Ofsted-rated 'Good' or 'Outstanding' institutions, also plays a crucial role; properties near These schools have been known to sell at a premium of 10-15% compared to those further away. Additionally, Fareham's proximity to transport connections like the M27 motorway and Fareham railway station enhances its appeal, with ease of access to Portsmouth and Southampton boosting demand and, subsequently, prices. Recent statistics from property platforms suggest that homes in Fareham have seen an average annual increase of approximately 4% over the last five years, reflecting broader trends in the South East housing market.

In recent years, property prices in Fareham have shown a notable trend compared to neighboring areas. As of mid-2023, the average property price in Fareham stands at approximately £350,000. In contrast, nearby Portsmouth, known for its bustling city life, has an average price of around £290,000, while Southampton's average is close to £300,000. This indicates that Fareham's property market is slightly more expensive than these urban centers. In smaller surrounding towns like Locks Heath and Swanwick, average prices are also lower, at approximately £325,000 and £300,000, respectively. The higher property prices in Fareham may be attributed to its appeal of being near the coast while retaining a more suburban and family-friendly environment.

In Fareham, the most common types of properties are semi-detached houses and terraced homes, which typically range from £250,000 to £400,000. For instance, a three-bedroom semi-detached house can be found starting around £325,000, while a two-bedroom terraced house might be priced around £220,000. Detached homes, though less frequent, tend to start at approximately £450,000 and can go up to £700,000 or more depending on the location and amenities. Additionally, there's a growth in new-build apartments, which are generally priced between £200,000 and £300,000, appealing to first-time buyers and investors alike. The local market holds a diverse range of properties appealing to various demographics, with age-restricted bungalows also seen, often priced between £300,000 and £400,000.

In Fareham, the presence of quality schools significantly influences real estate prices. Properties located within catchment areas for highly-rated primary and secondary schools often command a premium, sometimes up to 15% higher than similar homes outside these zones. For instance, homes near Fareham Academy or St. John’s Church of England Primary School, which consistently receive good ratings from Ofsted, can achieve average prices around £320,000, whereas comparable properties in less sought-after areas may hover around £275,000. Additionally, amenities such as shopping centers, parks, and public transport options also play a crucial role. Areas close to Fareham Shopping Centre or Fareham train station typically see about a 10% increase in property value due to the convenience these facilities provide. Properties with easy access to the town’s recreational facilities, such as the Cams Hall Estate and the Fareham Leisure Centre, further appeal to families, thereby driving demand and, consequently, prices upward.

The typical price for a rental property in Fareham varies depending on the type and location within the town. As of late 2023, average monthly rents for a one-bedroom apartment range from around £750 to £850, while two-bedroom flats typically cost between £900 and £1,100. For larger family homes, such as three-bedroom houses, the rental prices can start at approximately £1,200 and go up to £1,500 or more, especially in sought-after areas close to schools and amenities. Properties with additional features like gardens or garages often command higher rents. For example, a three-bedroom semi-detached house on a quiet street might be listed for about £1,350 per month, while a more modern, well-equipped apartment in a central location could reach £1,200.