1, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £280,000

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 PENNYCRESS is a very small extended detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £332,919. It was last sold for £280,000 in January 2019, which was around 40% below the average January 2019 detached price in the Fareham local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

1 PENNYCRESS Sold Prices

Land registry data shows six sales for 1 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the six 1 PENNYCRESS 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
2019 3 JAN	£280,000	£464,415	40% below HPI
2015 2 DEC	£240,000	£399,575	40% below HPI
2007 13 NOV	£220,000	£330,397	33% below HPI
2002 22 OCT	£150,000	£246,895	39% below HPI
1997 17 MAR	£73,000	£113,578	36% below HPI
1995 6 JAN	£66,000	£102,832	36% below HPI

1 PENNYCRESS 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 six 1 PENNYCRESS sales between January 1995 and January 2019 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 December 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2019 sale, which was also at 40% below the HPI.

What might 1 PENNYCRESS be worth now?

1 PENNYCRESS might now be worth an estimated £332,919.

This is based on house price inflation of 18.9%, between January 2019 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 18.9% inflationary increase is applied to the most recent sale price for 1 PENNYCRESS of £280,000 on 3rd January 2019. For the value to have increased from £280,000 to £332,919 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 1 PENNYCRESS has moved in line with the HPI for detached houses in the Fareham local authority area.
• The January 2019 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PENNYCRESS has not materially changed since January 2019.

How Large is 1 PENNYCRESS?

1 PENNYCRESS is 74m², which includes one extension, according to the EPC inspection conducted in February 2014. 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 PENNYCRESS lies on this distribution: 6% of detached houses houses are smaller than 1 PENNYCRESS, and 94% of houses are larger. Note that EPC data is not available for all properties in Warsash.

1 PENNYCRESS: Plot and Title Map

1 PENNYCRESS sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 1 PENNYCRESS, 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 PENNYCRESS). 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 PENNYCRESS?

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