19, REED DRIVE, MARCHWOOD, SOUTHAMPTON, SO40 4YF - £116,000

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

19 REED DRIVE is a very small extended detached house of 73m², built sometime between 1983 and 1990. It was last sold for £116,000 in November 2001, which was around 45% below the average November 2001 detached price in the New Forest local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

19 REED DRIVE Sold Prices

Land registry data shows two sales for 19 REED DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two 19 REED DRIVE 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
2001 30 NOV	£116,000	£209,290	45% below HPI
1997 2 MAY	£67,950	£113,679	40% below HPI

19 REED DRIVE 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 two 19 REED DRIVE sales from May 1997 and November 2001 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 1997 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2001 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 19 REED DRIVE?

19 REED DRIVE is 73m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 19 REED DRIVE lies on this distribution: 4% of detached houses are smaller than 19 REED DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

19 REED DRIVE: Plot and Title Map

19 REED DRIVE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 19 REED DRIVE, 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 19 REED DRIVE). 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 19 REED DRIVE?

19 REED DRIVE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 19 on REED DRIVE.