1A, OLD MAGAZINE CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4SD - £390,000

1A OLD MAGAZINE CLOSE is a small detached house of 94m², built sometime between 2003 and 2006. It was last sold for £390,000 in October 2016, which was around 12% below the average October 2016 detached price in the New Forest local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

1A OLD MAGAZINE CLOSE Sold Prices

Land registry data shows three sales for 1A OLD MAGAZINE 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 1A OLD MAGAZINE 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
2016 24 OCT	£390,000	£442,382	12% below HPI
2009 20 NOV	£270,000	£324,418	17% below HPI
2003 28 OCT	£247,950	£279,152	11% below HPI

1A OLD MAGAZINE 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 1A OLD MAGAZINE CLOSE sales between October 2003 and October 2016 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 November 2009 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 1A OLD MAGAZINE CLOSE?

1A OLD MAGAZINE CLOSE is 94m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 30% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 1A OLD MAGAZINE CLOSE lies on this distribution: 29% of detached houses are smaller than 1A OLD MAGAZINE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

1A OLD MAGAZINE CLOSE: Plot and Title Map

1A OLD MAGAZINE CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 1A OLD MAGAZINE 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 1A OLD MAGAZINE 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 1A OLD MAGAZINE CLOSE?

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