Shared Ownership Valuation in Fareham

A shared ownership valuation is a specialized RICS assessment that determines the market value of your property when you own only a percentage of the home. This differs from a standard property valuation because it must account for your specific equity share, the remaining lease term, and any restrictions on who can purchase the share. Housing associations and mortgage lenders require this documentation to ensure the transaction complies with shared ownership scheme rules and that the property provides suitable security for any mortgage advance.

In Fareham, where the average property price stands at £333,000 according to ONS data from December 2025, shared ownership offers an accessible route onto the property ladder. At developments such as Oakcroft Chase in Stubbington, a three-bedroom house with a full market value of £345,000 would require a 40% share purchase of £138,000, with rent payable on the remaining 60%. When you come to staircase or sell, our valuation ensures you receive the correct percentage of any increase in property value.

The Fareham borough has seen substantial investment in shared ownership housing, with VIVID, Fareham Housing, and Abri delivering new developments across Titchfield, Funtley, and Hill Head. Our surveyors have extensive experience valuing properties on these estates, understanding the premium or discount factors that apply to new-build shared ownership homes compared to similar properties in the private market.

Property values in Fareham have shown relative stability with a 0.7% increase in the year to December 2025, though semi-detached properties rose by 1.8% while flats decreased by 1.9%. This variation reflects local market dynamics that our valuers factor into every assessment.

Several circumstances require a formal RICS valuation if you own a shared ownership property in Fareham. Staircasing is the most common reason, where you purchase additional shares in your property, typically in 10% increments. Our valuation calculates the current market value so the housing association can determine the price of the additional share. At Oakcroft Chase, for example, staircasing from a 40% to a 50% share would require a fresh valuation to establish the new purchase price.

Resale is another key trigger. When you sell your share on the open market, prospective buyers will need a valuation to secure their mortgage. The housing association also has rights to nominate a buyer from their waiting list, making a formal valuation essential to ensure all parties agree on the share value. Our reports satisfy requirements from all major housing associations operating in the Fareham area, including VIVID, Abri, and Fareham Housing.

Remortgaging your shared ownership property also typically requires a valuation, as lenders need to assess the property value against their lending criteria. Whether you are switching to a new mortgage deal or borrowing additional funds, our valuation provides the documentation your lender needs. Given that the average house price in Fareham is over ten times the average annual wage, many buyers look to remortgage as their equity grows through staircasing.

The 13 conservation areas across the borough, including those in Titchfield, Portchester, and Warsash, can also affect property values and the valuation process. Our surveyors understand how listed building status and conservation area restrictions impact shared ownership properties in Fareham.

Fareham has seen significant growth in shared ownership housing, making it one of the most active areas for this tenure in Hampshire. The Southampton Road development in Titchfield, delivered by VIVID in partnership with Hampshire Homes, comprises 95 new homes including 24 shared ownership properties with full completion anticipated by early 2026. This development sits within the Fareham borough and offers one, two, and three-bedroom properties at affordable equity shares.

Further expansion is underway at the Funtley site, where 119 affordable homes are being delivered with 60% designated for shared ownership. This follows the success of the earlier Funtley Road development, which delivered 19 shared ownership properties in December 2021. At Parkland Meadows on Funtley Road, a new collection of one, two, three, and four-bedroom shared ownership homes is expected to release prices in Summer 2026, offering continued opportunities for buyers in the Fareham area.

For those seeking properties closer to the coast, Capella Close in Hill Head offers 11 shared ownership properties including one, two, and three-bedroom houses. These properties benefit from proximity to the Solent and the local amenities of Hill Head and Warsash. Our valuers regularly assess properties across all these developments, ensuring our reports accurately reflect current market conditions in each specific location.

Bath Lane in Fareham town centre delivered 18 homes in 2024 through VIVID, while Ophelia Court in Sarisbury Green added 9 shared ownership apartments. The nearby Welborne Garden Village, a major new community of up to 6,000 homes just outside Fareham, will bring further shared ownership opportunities as the development progresses.

Our surveyors frequently identify specific defects when valuing shared ownership properties across the Fareham borough. Damp and mould issues rank among the most common problems, often caused by condensation, inadequate ventilation, or defective weatherproofing. In older properties built with traditional methods, these issues can be more prevalent, particularly in conversions where insulation may not meet current standards.

Structural movement is another concern our valuers assess carefully. While slight cracking can result from normal thermal movement, more serious issues may arise from progressive foundation movement or cavity wall tie failure. Properties in areas with clay soils, such as Wallington and Titchfield, face particular shrink-swell risks where ground conditions expand and contract with moisture levels. Our surveyors examine foundations, walls, and chimney stacks for signs of movement that could affect property value.

Water leaks and drainage issues also appear regularly in our valuations, particularly in older properties with original guttering. The coastal location of areas like Warsash and Portchester means properties face exposure to salt air, which can accelerate corrosion of roofing materials and rainwater goods. Additionally, some development sites in the Fareham area, including land south of Funtley Road, have historically had Japanese knotweed presence, which requires specialist assessment and can significantly impact valuations.

Electrical hazards and blocked drains represent further common defects our surveyors encounter, particularly in shared ownership properties that may have been subject to tenant alterations over the years. Our comprehensive valuations document any issues found, ensuring you have a complete picture of your property's condition.