1, MARKEN CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6GG - £460,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MARKEN CLOSE is a very large extended detached house of 178m², built sometime between 1991 and 1995, which could now be worth an estimated £787,064. It was last sold for £460,000 in January 2012, which was around 44% above the average January 2012 detached price in the Fareham local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

1 MARKEN CLOSE Sold Prices

Land registry data shows two sales for 1 MARKEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 1 MARKEN CLOSE sales were for above 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
2012 27 JAN	£460,000	£319,993	44% above HPI
1996 23 FEB	£135,000	£101,436	33% above HPI

1 MARKEN 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 two 1 MARKEN CLOSE sales from February 1996 and January 2012 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 February 1996 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the January 2012 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 1 MARKEN CLOSE be worth now?

1 MARKEN CLOSE might now be worth an estimated £787,064.

This is based on house price inflation of 71.1%, between January 2012 and December 2024, 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 71.1% inflationary increase is applied to the most recent sale price for 1 MARKEN CLOSE of £460,000 on 27th January 2012. For the value to have increased from £460,000 to £787,064 over the eleven years and one month to December 2024, the following assumptions must hold true:

• The value of 1 MARKEN CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The January 2012 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MARKEN CLOSE has not materially changed since January 2012.

How Large is 1 MARKEN CLOSE?

1 MARKEN CLOSE is 178m², which includes two extensions, according to the EPC inspection conducted in August 2010. This puts it in the largest 20% 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 MARKEN CLOSE lies on this distribution: 84% of detached houses houses are smaller than 1 MARKEN CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Warsash.

1 MARKEN CLOSE: Plot and Title Map

1 MARKEN CLOSE sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 1 MARKEN 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 MARKEN 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 MARKEN CLOSE?

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