16, SOVEREIGN CLOSE, TOTTON, SOUTHAMPTON, SO40 8XP - £377,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 SOVEREIGN CLOSE is a small extended detached house of 81m², built sometime between 1996 and 2002. It was last sold for £377,500 in January 2024, which was around 33% below the average January 2024 detached price in the New Forest local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

16 SOVEREIGN CLOSE Sold Prices

Land registry data shows four sales for 16 SOVEREIGN 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 New Forest local authority area for the corresponding sale date. All of the four 16 SOVEREIGN 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
2024 12 JAN	£377,500	£560,263	33% below HPI
2020 20 MAR	£300,000	£480,640	38% below HPI
2020 24 JAN	£215,000	£476,691	55% below HPI
1999 29 OCT	£118,500	£155,627	24% below HPI

16 SOVEREIGN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The four 16 SOVEREIGN CLOSE sales between October 1999 and January 2024 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 March 2020 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2024 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 16 SOVEREIGN CLOSE?

16 SOVEREIGN CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses in Totton, based on EPC data. The below chart shows the distribution of detached houses by size in Totton, and where 16 SOVEREIGN CLOSE lies on this distribution: 25% of detached houses are smaller than 16 SOVEREIGN CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Totton.

16 SOVEREIGN CLOSE: Plot and Title Map

16 SOVEREIGN CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 16 SOVEREIGN 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 16 SOVEREIGN 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 16 SOVEREIGN CLOSE?

16 SOVEREIGN CLOSE is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 16 on SOVEREIGN CLOSE.