2, CHANCEL ROAD, LOCKS HEATH, SOUTHAMPTON, SO31 6TF - £275,000

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

2 CHANCEL ROAD is a very small extended detached house of 76m², built sometime between 1983 and 1990. It was last sold for £275,000 in February 2015, which was around 27% below the average February 2015 detached price in the Fareham local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 CHANCEL ROAD Sold Prices

Land registry data shows three sales for 2 CHANCEL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 2 CHANCEL ROAD 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
2015 20 FEB	£275,000	£374,498	27% below HPI
2006 31 JUL	£220,000	£294,068	25% below HPI
2005 21 FEB	£210,000	£284,821	26% below HPI

2 CHANCEL ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fareham local authority area over time, sourced from the HPI. The three 2 CHANCEL ROAD sales between February 2005 and February 2015 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 July 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2015 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 CHANCEL ROAD?

2 CHANCEL ROAD is 76m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 2 CHANCEL ROAD lies on this distribution: 6% of detached houses are smaller than 2 CHANCEL ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

2 CHANCEL ROAD: Plot and Title Map

2 CHANCEL ROAD sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 2 CHANCEL ROAD, 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 2 CHANCEL ROAD). 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 2 CHANCEL ROAD?

2 CHANCEL ROAD is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 2 on CHANCEL ROAD.