2, LASER CLOSE, WARSASH, SOUTHAMPTON, SO31 9AZ - £410,000

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 LASER CLOSE is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £410,000 in May 2022, which was around 25% below the average May 2022 detached price in the Fareham local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

2 LASER CLOSE Sold Prices

Land registry data shows two sales for 2 LASER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 2 LASER 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 6 MAY	£410,000	£548,145	25% below HPI
1996 8 JUL	£74,000	£106,666	31% below HPI

2 LASER 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 two 2 LASER CLOSE sales from July 1996 and May 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 July 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 LASER CLOSE be worth now?

2 LASER CLOSE might now be worth an estimated £409,526.

This is based on house price deflation of 0.1%, between May 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 0.1% deflationary decrease is applied to the most recent sale price for 2 LASER CLOSE of £410,000 on 6th May 2022. For the value to have decreased from £410,000 to £409,526 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 2 LASER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The May 2022 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LASER CLOSE has not materially changed since May 2022.

How Large is 2 LASER CLOSE?

2 LASER CLOSE is 66m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% 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 LASER CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 LASER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Warsash.

2 LASER CLOSE: Plot and Title Map

2 LASER CLOSE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of 2 LASER 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 LASER 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 LASER CLOSE?

2 LASER CLOSE is located in WARSASH, in the SO31 postcode district. The below map shows the position of No. 2 on LASER CLOSE.