1, WAVECREST CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4AT - £420,000

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 WAVECREST CLOSE is a midsized detached house of 101m², built sometime between 1996 and 2002, which could now be worth an estimated £414,476. It was last sold for £420,000 in November 2024, which was around 29% below the average November 2024 detached price in the New Forest local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

1 WAVECREST CLOSE Sold Prices

Land registry data shows three sales for 1 WAVECREST CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 1 WAVECREST 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
2024 12 NOV	£420,000	£590,212	29% below HPI
2001 14 AUG	£175,000	£217,110	19% below HPI
2001 28 FEB	£145,000	£196,845	26% below HPI

1 WAVECREST CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three 1 WAVECREST CLOSE sales between February 2001 and November 2024 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 August 2001 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2024 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 1 WAVECREST CLOSE be worth now?

1 WAVECREST CLOSE might now be worth an estimated £414,476.

This is based on house price deflation of 1.3%, between November 2024 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% deflationary decrease is applied to the most recent sale price for 1 WAVECREST CLOSE of £420,000 on 12th November 2024. For the value to have decreased from £420,000 to £414,476 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 1 WAVECREST CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The November 2024 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WAVECREST CLOSE has not materially changed since November 2024.

How Large is 1 WAVECREST CLOSE?

1 WAVECREST CLOSE is 101m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 50% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 1 WAVECREST CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 WAVECREST CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

1 WAVECREST CLOSE: Plot and Title Map

1 WAVECREST CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 1 WAVECREST 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 WAVECREST 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 WAVECREST CLOSE?

1 WAVECREST CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 1 on WAVECREST CLOSE.