2, NEWMARKET CLOSE, HORTON HEATH, EASTLEIGH, SO50 7LJ - £249,950

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 NEWMARKET CLOSE is a very small detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £429,589. It was last sold for £249,950 in April 2007, which was around 22% below the average April 2007 detached price in the Eastleigh local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

2 NEWMARKET CLOSE Sold Prices

Land registry data shows three sales for 2 NEWMARKET 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 Eastleigh local authority area for the corresponding sale date. All of the three 2 NEWMARKET 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
2007 13 APR	£249,950	£319,969	22% below HPI
2005 11 FEB	£266,000	£286,453	7% below HPI
2000 20 DEC	£143,500	£185,423	23% below HPI

2 NEWMARKET CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastleigh local authority area over time, sourced from the HPI. The three 2 NEWMARKET CLOSE sales between December 2000 and April 2007 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 February 2005 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the April 2007 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 2 NEWMARKET CLOSE be worth now?

2 NEWMARKET CLOSE might now be worth an estimated £429,589.

This is based on house price inflation of 71.9%, between April 2007 and December 2024, for detached houses, in the Eastleigh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 71.9% inflationary increase is applied to the most recent sale price for 2 NEWMARKET CLOSE of £249,950 on 13th April 2007. For the value to have increased from £249,950 to £429,589 over the sixteen years and four months to December 2024, the following assumptions must hold true:

• The value of 2 NEWMARKET CLOSE has moved in line with the HPI for detached houses in the Eastleigh local authority area.
• The April 2007 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWMARKET CLOSE has not materially changed since April 2007.

How Large is 2 NEWMARKET CLOSE?

2 NEWMARKET CLOSE is 74m² according to the EPC inspection conducted in January 2011. This puts it in the smallest 10% of detached houses houses in Horton Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horton Heath, and where 2 NEWMARKET CLOSE lies on this distribution: 6% of detached houses houses are smaller than 2 NEWMARKET CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Horton Heath.

2 NEWMARKET CLOSE: Plot and Title Map

2 NEWMARKET CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 NEWMARKET 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 NEWMARKET 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 NEWMARKET CLOSE?

2 NEWMARKET CLOSE is located in HORTON HEATH, in the SO50 postcode district. The below map shows the position of No. 2 on NEWMARKET CLOSE.