15, REED CLOSE, SWANMORE, SOUTHAMPTON, SO32 2FN - £340,000

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 REED CLOSE is a very small detached house of 93m², which could now be worth an estimated £405,834. It was last sold for £340,000 in January 2020, which was around 49% below the average January 2020 detached price in the Winchester local authority area. The most recent EPC inspection was February 2016, where the current energy rating was A, and the potential energy rating was A.

15 REED CLOSE Sold Prices

Land registry data shows two sales for 15 REED 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 Winchester local authority area for the corresponding sale date. Both of the two 15 REED 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
2020 29 JAN	£340,000	£669,575	49% below HPI
2016 12 MAY	£371,000	£620,617	40% below HPI

15 REED CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The two 15 REED CLOSE sales from May 2016 and January 2020 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 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2020 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 15 REED CLOSE be worth now?

15 REED CLOSE might now be worth an estimated £405,834.

This is based on house price inflation of 19.4%, between January 2020 and December 2024, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for 15 REED CLOSE of £340,000 on 29th January 2020. For the value to have increased from £340,000 to £405,834 over the three years and one month to December 2024, the following assumptions must hold true:

• The value of 15 REED CLOSE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The January 2020 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 15 REED CLOSE has not materially changed since January 2020.

How Large is 15 REED CLOSE?

15 REED CLOSE is 93m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses houses in Swanmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swanmore, and where 15 REED CLOSE lies on this distribution: 12% of detached houses houses are smaller than 15 REED CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Swanmore.

15 REED CLOSE: Plot and Title Map

15 REED CLOSE sits on a plot of roughly 0.054 of an acre, or 218m². The below map shows the location of 15 REED 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 REED 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 REED CLOSE?

15 REED CLOSE is located in SWANMORE, in the SO32 postcode district. The below map shows the position of No. 15 on REED CLOSE.