124, LOCKS ROAD, LOCKS HEATH, SOUTHAMPTON, SO31 6LP - £319,500

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

124 LOCKS ROAD is a very small extended detached house of 66m², built sometime between 1930 and 1949. It was last sold for £319,500 in July 2022, which was around 43% below the average July 2022 detached price in the Fareham local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

124 LOCKS ROAD Sold Prices

Land registry data shows two sales for 124 LOCKS ROAD 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 124 LOCKS ROAD 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
2022 15 JUL	£319,500	£556,950	43% below HPI
2010 1 OCT	£250,000	£323,779	23% below HPI

124 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 two 124 LOCKS ROAD sales from October 2010 and July 2022 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 October 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 124 LOCKS ROAD?

124 LOCKS ROAD is 66m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% 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 124 LOCKS ROAD lies on this distribution: 2% of detached houses are smaller than 124 LOCKS ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

124 LOCKS ROAD: Plot and Title Map

124 LOCKS ROAD sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 124 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 124 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 124 LOCKS ROAD?

124 LOCKS ROAD is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 124 on LOCKS ROAD.