118, LOCKS ROAD, LOCKS HEATH, SOUTHAMPTON, SO31 6NR - £525,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

118 LOCKS ROAD is a large extended detached house of 127m², built sometime between 1900 and 1929. It was last sold for £525,000 in May 2023, which was around 5% below the average May 2023 detached price in the Fareham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

118 LOCKS ROAD Sold Prices

Land registry data shows three sales for 118 LOCKS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Two of the three 118 LOCKS ROAD sales were for below the average price, whilst one was 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
2023 5 MAY	£525,000	£553,776	5% below HPI
2021 5 MAY	£490,000	£483,761	1% above HPI
2017 12 JAN	£300,000	£427,254	30% below HPI

118 LOCKS ROAD 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 three 118 LOCKS ROAD sales between January 2017 and May 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 May 2021 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2023 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 118 LOCKS ROAD?

118 LOCKS ROAD is 127m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 118 LOCKS ROAD lies on this distribution: 64% of detached houses are smaller than 118 LOCKS ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

118 LOCKS ROAD: Plot and Title Map

118 LOCKS ROAD sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 118 LOCKS ROAD, 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 118 LOCKS ROAD). 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 118 LOCKS ROAD?

118 LOCKS ROAD is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 118 on LOCKS ROAD.