15, GORSE CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6XZ - £281,000

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

15 GORSE CLOSE is a midsized extended detached house of 112m², built sometime between 1983 and 1990. It was last sold for £281,000 in October 2013, which was around 15% below the average October 2013 detached price in the Fareham local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

15 GORSE CLOSE Sold Prices

Land registry data shows four sales for 15 GORSE 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 Fareham local authority area for the corresponding sale date. All of the four 15 GORSE 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
2013 18 OCT	£281,000	£329,173	15% below HPI
2004 9 NOV	£239,950	£287,934	17% below HPI
2001 14 JUN	£160,000	£186,326	14% below HPI
1995 17 FEB	£92,500	£99,341	7% below HPI

15 GORSE 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 four 15 GORSE CLOSE sales between February 1995 and October 2013 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 November 2004 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2013 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 15 GORSE CLOSE?

15 GORSE CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% 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 15 GORSE CLOSE lies on this distribution: 45% of detached houses are smaller than 15 GORSE CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

15 GORSE CLOSE: Plot and Title Map

15 GORSE CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 15 GORSE 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 GORSE 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 GORSE CLOSE?

15 GORSE CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 15 on GORSE CLOSE.