12, MARKEN CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6GG - £315,000

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

12 MARKEN CLOSE is a midsized extended detached house of 128m², built sometime between 1996 and 2002. It was last sold for £315,000 in November 2002, which was around 23% above the average November 2002 detached price in the Fareham local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was C.

12 MARKEN CLOSE Sold Prices

Land registry data shows two sales for 12 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 12 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
2002 25 NOV	£315,000	£255,471	23% above HPI
1996 19 JAN	£129,500	£102,985	26% above HPI

12 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 12 MARKEN CLOSE sales from January 1996 and November 2002 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 January 1996 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2002 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 12 MARKEN CLOSE?

12 MARKEN CLOSE is 128m², which includes one extension, according to the EPC inspection conducted in June 2024. This puts it in the largest 50% of detached houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses by size in Warsash, and where 12 MARKEN CLOSE lies on this distribution: 58% of detached houses are smaller than 12 MARKEN CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Warsash.

12 MARKEN CLOSE: Plot and Title Map

12 MARKEN CLOSE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 12 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 12 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 12 MARKEN CLOSE?

12 MARKEN CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 12 on MARKEN CLOSE.