1, ELDER CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4SN - £250,000

1 ELDER CLOSE is a large extended detached house of 121m², built sometime between 1983 and 1990. It was last sold for £250,000 in December 2008, which was around 19% below the average December 2008 detached price in the New Forest local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

1 ELDER CLOSE Sold Prices

Land registry data shows three sales for 1 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 1 ELDER CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2008 17 DEC	£250,000	£309,429	19% below HPI
2008 24 OCT	£287,500	£329,891	13% below HPI
1998 23 JAN	£116,000	£128,842	10% below HPI

1 ELDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three 1 ELDER CLOSE sales between January 1998 and December 2008 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2008 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 ELDER CLOSE?

1 ELDER CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 1 ELDER CLOSE lies on this distribution: 69% of detached houses are smaller than 1 ELDER CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

1 ELDER CLOSE: Plot and Title Map

1 ELDER CLOSE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 1 ELDER CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ELDER CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ELDER CLOSE?

1 ELDER CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 1 on ELDER CLOSE.