1, ELDER CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6SB - £349,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 ELDER CLOSE is a very small extended detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £337,396. It was last sold for £349,950 in November 2022, which was around 39% below the average November 2022 detached price in the Fareham local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 ELDER CLOSE Sold Prices

Land registry data shows four sales for 1 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 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
2022 18 NOV	£349,950	£572,733	39% below HPI
2018 22 JUN	£277,500	£460,147	40% below HPI
2016 25 AUG	£270,000	£424,805	36% below HPI
2001 27 JUL	£117,000	£194,053	40% below HPI

1 ELDER CLOSE 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 four 1 ELDER CLOSE sales between July 2001 and November 2022 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 June 2018 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 1 ELDER CLOSE be worth now?

1 ELDER CLOSE might now be worth an estimated £337,396.

This is based on house price deflation of 3.6%, between November 2022 and February 2025, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% deflationary decrease is applied to the most recent sale price for 1 ELDER CLOSE of £349,950 on 18th November 2022. For the value to have decreased from £349,950 to £337,396 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 ELDER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2022 sale price of £349,950 represented a fair market value for the property.
• The size, condition, and specification of 1 ELDER CLOSE has not materially changed since November 2022.

How Large is 1 ELDER CLOSE?

1 ELDER CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warsash, and where 1 ELDER CLOSE lies on this distribution: 7% of detached houses houses are smaller than 1 ELDER CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Warsash.

1 ELDER CLOSE: Plot and Title Map

1 ELDER CLOSE sits on a plot of roughly 0.068 of an acre, or 275m². 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 LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 1 on ELDER CLOSE.