2, LOWER SPINNEY, WARSASH, SOUTHAMPTON, SO31 9NL - £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 LOWER SPINNEY is a small extended detached house of 94m², built sometime between 1976 and 1982. It was last sold for £410,000 in July 2023, which was around 28% below the average July 2023 detached price in the Fareham local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

2 LOWER SPINNEY Sold Prices

Land registry data shows two sales for 2 LOWER SPINNEY 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 LOWER SPINNEY 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
2023 14 JUL	£410,000	£567,013	28% below HPI
1999 28 MAY	£109,000	£134,314	19% below HPI

2 LOWER SPINNEY 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 LOWER SPINNEY sales from May 1999 and July 2023 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 1999 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2023 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 LOWER SPINNEY be worth now?

2 LOWER SPINNEY might now be worth an estimated £395,898.

This is based on house price deflation of 3.4%, between July 2023 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 3.4% deflationary decrease is applied to the most recent sale price for 2 LOWER SPINNEY of £410,000 on 14th July 2023. For the value to have decreased from £410,000 to £395,898 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 LOWER SPINNEY has moved in line with the HPI for detached houses in the Fareham local authority area.
• The July 2023 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWER SPINNEY has not materially changed since July 2023.

How Large is 2 LOWER SPINNEY?

2 LOWER SPINNEY is 94m², which includes one extension, according to the EPC inspection conducted in July 2019. 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 LOWER SPINNEY lies on this distribution: 23% of detached houses houses are smaller than 2 LOWER SPINNEY, and 77% of houses are larger. Note that EPC data is not available for all properties in Warsash.

2 LOWER SPINNEY: Plot and Title Map

2 LOWER SPINNEY sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 2 LOWER SPINNEY, 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 LOWER SPINNEY). 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 LOWER SPINNEY?

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