1, CONFERENCE DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6WP - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 CONFERENCE DRIVE is a small extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £450,000 in May 2023, which was around 19% below the average May 2023 detached price in the Fareham local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

1 CONFERENCE DRIVE Sold Prices

Land registry data shows five sales for 1 CONFERENCE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the five 1 CONFERENCE DRIVE 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
2023 25 MAY	£450,000	£553,776	19% below HPI
2011 28 JUL	£250,000	£323,498	23% below HPI
2004 17 DEC	£248,000	£289,904	14% below HPI
2003 22 JUL	£202,000	£265,449	24% below HPI
2002 26 JUN	£171,500	£220,624	22% below HPI

1 CONFERENCE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fareham local authority area over time, sourced from the HPI. The five 1 CONFERENCE DRIVE sales between June 2002 and May 2023 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 July 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2023 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 CONFERENCE DRIVE?

1 CONFERENCE DRIVE is 105m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 1 CONFERENCE DRIVE lies on this distribution: 37% of detached houses are smaller than 1 CONFERENCE DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

1 CONFERENCE DRIVE: Plot and Title Map

1 CONFERENCE DRIVE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 1 CONFERENCE DRIVE, 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 CONFERENCE DRIVE). 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 CONFERENCE DRIVE?

1 CONFERENCE DRIVE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 1 on CONFERENCE DRIVE.