11, MONARCH CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6UG - £262,000

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.

11 MONARCH CLOSE is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £307,810. It was last sold for £262,000 in February 2021, which was around 10% below the average February 2021 semi-detached price in the Fareham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

11 MONARCH CLOSE Sold Prices

Land registry data shows four sales for 11 MONARCH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Fareham local authority area for the corresponding sale date. Most of the four 11 MONARCH 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
2021 26 FEB	£262,000	£292,329	10% below HPI
2015 26 JUN	£245,000	£229,797	7% above HPI
2000 10 JUL	£106,950	£98,379	9% above HPI
1997 21 MAR	£69,950	£66,286	6% above HPI

11 MONARCH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fareham local authority area over time, sourced from the HPI. The four 11 MONARCH CLOSE sales between March 1997 and February 2021 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 2015 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 11 MONARCH CLOSE be worth now?

11 MONARCH CLOSE might now be worth an estimated £307,810.

This is based on house price inflation of 17.5%, between February 2021 and February 2025, for semi-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 17.5% inflationary increase is applied to the most recent sale price for 11 MONARCH CLOSE of £262,000 on 26th February 2021. For the value to have increased from £262,000 to £307,810 over the four years to February 2025, the following assumptions must hold true:

• The value of 11 MONARCH CLOSE has moved in line with the HPI for semi-detached houses in the Fareham local authority area.
• The February 2021 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 11 MONARCH CLOSE has not materially changed since February 2021.

How Large is 11 MONARCH CLOSE?

11 MONARCH CLOSE is 65m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of semi-detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Locks Heath, and where 11 MONARCH CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 11 MONARCH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

11 MONARCH CLOSE: Plot and Title Map

11 MONARCH CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 11 MONARCH 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 11 MONARCH 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 11 MONARCH CLOSE?

11 MONARCH CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 11 on MONARCH CLOSE.