15, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 PENNYCRESS is a very small semi-detached house of 63m², built sometime between 1983 and 1990, which could now be worth an estimated £303,928. It was last sold for £260,000 in February 2021, which was around 11% below the average February 2021 semi-detached price in the Fareham local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

15 PENNYCRESS Sold Prices

Land registry data shows four sales for 15 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Fareham local authority area for the corresponding sale date. All of the four 15 PENNYCRESS 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 26 FEB	£260,000	£292,329	11% below HPI
2009 12 JUN	£155,000	£173,378	11% below HPI
2000 10 NOV	£100,000	£102,079	2% below HPI
1995 1 SEP	£57,950	£60,097	4% below HPI

15 PENNYCRESS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fareham local authority area over time, sourced from the HPI. The four 15 PENNYCRESS sales between September 1995 and February 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 June 2009 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2021 sale, which was also at 11% below the HPI.

What might 15 PENNYCRESS be worth now?

15 PENNYCRESS might now be worth an estimated £303,928.

This is based on house price inflation of 16.9%, between February 2021 and December 2024, for semi-detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.9% inflationary increase is applied to the most recent sale price for 15 PENNYCRESS of £260,000 on 26th February 2021. For the value to have increased from £260,000 to £303,928 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 15 PENNYCRESS has moved in line with the HPI for semi-detached houses in the Fareham local authority area.
• The February 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PENNYCRESS has not materially changed since February 2021.

How Large is 15 PENNYCRESS?

15 PENNYCRESS is 63m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of semi-detached houses houses in Warsash, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Warsash, and where 15 PENNYCRESS lies on this distribution: 2% of semi-detached houses houses are smaller than 15 PENNYCRESS, and 98% of houses are larger. Note that EPC data is not available for all properties in Warsash.

15 PENNYCRESS: Plot and Title Map

15 PENNYCRESS sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 15 PENNYCRESS, 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 PENNYCRESS). 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 PENNYCRESS?

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