2, ELDER CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6SB - £225,000

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

2 ELDER CLOSE is a small extended detached house of 98m², built sometime between 1976 and 1982. It was last sold for £225,000 in June 2011, which was around 32% below the average June 2011 detached price in the Fareham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

2 ELDER CLOSE Sold Prices

Land registry data shows three sales for 2 ELDER CLOSE 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 ELDER 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
2011 3 JUN	£225,000	£329,004	32% below HPI
1999 5 OCT	£88,000	£144,159	39% below HPI
1995 10 FEB	£70,000	£100,266	30% below HPI

2 ELDER CLOSE 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 ELDER CLOSE sales between February 1995 and June 2011 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 October 1999 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2011 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 ELDER CLOSE be worth now?

2 ELDER CLOSE might now be worth an estimated £374,433.

This is based on house price inflation of 66.4%, between June 2011 and December 2024, for 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 66.4% inflationary increase is applied to the most recent sale price for 2 ELDER CLOSE of £225,000 on 3rd June 2011. For the value to have increased from £225,000 to £374,433 over the twelve years and six months to December 2024, the following assumptions must hold true:

• The value of 2 ELDER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2011 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELDER CLOSE has not materially changed since June 2011.

How Large is 2 ELDER CLOSE?

2 ELDER CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warsash, and where 2 ELDER CLOSE lies on this distribution: 26% of detached houses houses are smaller than 2 ELDER CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Warsash.

2 ELDER CLOSE: Plot and Title Map

2 ELDER CLOSE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 2 ELDER 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 2 ELDER 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 2 ELDER CLOSE?

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