15, ERICA CLOSE, WATERLOOVILLE, PO8 9BB - £370,000

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.

15 ERICA CLOSE is a small detached house of 91m², built sometime between 1950 and 1966, which could now be worth an estimated £416,569. It was last sold for £370,000 in May 2021, which was around 20% below the average May 2021 detached price in the Havant local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

15 ERICA CLOSE Sold Prices

Land registry data shows four sales for 15 ERICA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Havant local authority area for the corresponding sale date. All of the four 15 ERICA 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
2021 13 MAY	£370,000	£462,681	20% below HPI
2013 30 MAY	£250,000	£300,693	17% below HPI
2007 11 JAN	£274,750	£293,201	6% below HPI
2000 31 MAR	£110,000	£151,547	27% below HPI

15 ERICA CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The four 15 ERICA CLOSE sales between March 2000 and May 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 May 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 15 ERICA CLOSE be worth now?

15 ERICA CLOSE might now be worth an estimated £416,569.

This is based on house price inflation of 12.6%, between May 2021 and February 2025, for detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.6% inflationary increase is applied to the most recent sale price for 15 ERICA CLOSE of £370,000 on 13th May 2021. For the value to have increased from £370,000 to £416,569 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 15 ERICA CLOSE has moved in line with the HPI for detached houses in the Havant local authority area.
• The May 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ERICA CLOSE has not materially changed since May 2021.

How Large is 15 ERICA CLOSE?

15 ERICA CLOSE is 91m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% of detached houses houses in Horndean, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horndean, and where 15 ERICA CLOSE lies on this distribution: 28% of detached houses houses are smaller than 15 ERICA CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Horndean.

15 ERICA CLOSE: Plot and Title Map

15 ERICA CLOSE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 15 ERICA 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 15 ERICA 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 15 ERICA CLOSE?

15 ERICA CLOSE is located in WATERLOOVILLE, in the PO8 postcode district. The below map shows the position of No. 15 on ERICA CLOSE.