2, FIELD CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6TX - £575,000

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 FIELD CLOSE is a midsized extended detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £550,767. It was last sold for £575,000 in December 2022, which was around 1% above the average December 2022 detached price in the Fareham local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

2 FIELD CLOSE Sold Prices

Land registry data shows five sales for 2 FIELD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Most of the five 2 FIELD 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
2022 7 DEC	£575,000	£571,601	1% above HPI
2016 14 OCT	£412,000	£427,773	4% below HPI
2001 14 SEP	£192,000	£207,852	8% below HPI
1999 17 FEB	£125,000	£132,985	6% below HPI
1998 26 JUN	£196,995	£131,992	49% above HPI

2 FIELD 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 five 2 FIELD CLOSE sales between June 1998 and December 2022 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 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 FIELD CLOSE be worth now?

2 FIELD CLOSE might now be worth an estimated £550,767.

This is based on house price deflation of 4.2%, between December 2022 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 4.2% deflationary decrease is applied to the most recent sale price for 2 FIELD CLOSE of £575,000 on 7th December 2022. For the value to have decreased from £575,000 to £550,767 over the two years to December 2024, the following assumptions must hold true:

• The value of 2 FIELD CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The December 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FIELD CLOSE has not materially changed since December 2022.

How Large is 2 FIELD CLOSE?

2 FIELD CLOSE is 119m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 50% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 2 FIELD CLOSE lies on this distribution: 55% of detached houses houses are smaller than 2 FIELD CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

2 FIELD CLOSE: Plot and Title Map

2 FIELD CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 2 FIELD 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 FIELD 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 FIELD CLOSE?

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