1, MARK CLOSE, SOUTHAMPTON, SO15 8RZ - £425,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MARK CLOSE is a small extended detached house of 91m², built sometime between 1967 and 1975. It was last sold for £425,000 in April 2023, which was about the average April 2023 detached price in the Southampton local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

1 MARK CLOSE Sold Prices

Land registry data shows four sales for 1 MARK 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 Southampton local authority area for the corresponding sale date. The four 1 MARK CLOSE sales were a mix of roughly equal to the average price, and 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 27 APR	£425,000	£424,254	Close to HPI
2016 30 MAR	£279,000	£314,841	11% below HPI
2015 14 OCT	£227,000	£309,185	27% below HPI
1996 18 NOV	£79,950	£83,308	4% below HPI

1 MARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southampton local authority area over time, sourced from the HPI. The four 1 MARK CLOSE sales between November 1996 and April 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 March 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 1 MARK CLOSE?

1 MARK CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 40% of detached houses in Southampton, based on EPC data. The below chart shows the distribution of detached houses by size in Southampton, and where 1 MARK CLOSE lies on this distribution: 36% of detached houses are smaller than 1 MARK CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Southampton.

1 MARK CLOSE: Plot and Title Map

1 MARK CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 1 MARK 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 MARK 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 MARK CLOSE?

1 MARK CLOSE is located in SOUTHAMPTON, in the SO15 postcode district. The below map shows the position of No. 1 on MARK CLOSE.