18, GRAY CLOSE, WARSASH, SOUTHAMPTON, SO31 9TB - £420,000

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

18 GRAY CLOSE is a midsized extended semi-detached house of 117m², built sometime between 1983 and 1990, which could now be worth an estimated £532,474. It was last sold for £420,000 in July 2017, which was around 56% above the average July 2017 semi-detached price in the Fareham local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

18 GRAY CLOSE Sold Prices

Land registry data shows five sales for 18 GRAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Fareham local authority area for the corresponding sale date. All of the five 18 GRAY CLOSE sales were for above 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
2017 21 JUL	£420,000	£269,538	56% above HPI
2008 2 MAY	£297,500	£205,402	45% above HPI
2004 26 NOV	£280,000	£178,846	57% above HPI
2003 28 NOV	£235,000	£161,071	46% above HPI
1996 30 SEP	£93,000	£63,250	47% above HPI

18 GRAY CLOSE 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 five 18 GRAY CLOSE sales between September 1996 and July 2017 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 2008 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2017 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 18 GRAY CLOSE be worth now?

18 GRAY CLOSE might now be worth an estimated £532,474.

This is based on house price inflation of 26.8%, between July 2017 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 26.8% inflationary increase is applied to the most recent sale price for 18 GRAY CLOSE of £420,000 on 21st July 2017. For the value to have increased from £420,000 to £532,474 over the six years and seven months to December 2024, the following assumptions must hold true:

• The value of 18 GRAY CLOSE has moved in line with the HPI for semi-detached houses in the Fareham local authority area.
• The July 2017 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GRAY CLOSE has not materially changed since July 2017.

How Large is 18 GRAY CLOSE?

18 GRAY CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 50% 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 18 GRAY CLOSE lies on this distribution: 46% of semi-detached houses houses are smaller than 18 GRAY CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Warsash.

18 GRAY CLOSE: Plot and Title Map

18 GRAY CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 18 GRAY 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 18 GRAY 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 18 GRAY CLOSE?

18 GRAY CLOSE is located in WARSASH, in the SO31 postcode district. The below map shows the position of No. 18 on GRAY CLOSE.