2, OAK LEAF CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4JU - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 OAK LEAF CLOSE is a very large extended detached house of 141m², built sometime between 1996 and 2002, which could now be worth an estimated £512,166. It was last sold for £390,000 in October 2015, which was around 12% below the average October 2015 detached price in the New Forest local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

2 OAK LEAF CLOSE Sold Prices

Land registry data shows four sales for 2 OAK LEAF CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Most of the four 2 OAK LEAF 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
2015 22 OCT	£390,000	£443,519	12% below HPI
2003 8 AUG	£249,950	£292,446	15% below HPI
2001 14 MAY	£175,000	£209,186	16% below HPI
1997 28 FEB	£118,500	£114,078	4% above HPI

2 OAK LEAF CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The four 2 OAK LEAF CLOSE sales between February 1997 and October 2015 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 August 2003 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2015 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 OAK LEAF CLOSE be worth now?

2 OAK LEAF CLOSE might now be worth an estimated £512,166.

This is based on house price inflation of 31.3%, between October 2015 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.3% inflationary increase is applied to the most recent sale price for 2 OAK LEAF CLOSE of £390,000 on 22nd October 2015. For the value to have increased from £390,000 to £512,166 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 OAK LEAF CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2015 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK LEAF CLOSE has not materially changed since October 2015.

How Large is 2 OAK LEAF CLOSE?

2 OAK LEAF CLOSE is 141m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 20% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 2 OAK LEAF CLOSE lies on this distribution: 83% of detached houses houses are smaller than 2 OAK LEAF CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

2 OAK LEAF CLOSE: Plot and Title Map

2 OAK LEAF CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 2 OAK LEAF 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 OAK LEAF 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 OAK LEAF CLOSE?

2 OAK LEAF CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 2 on OAK LEAF CLOSE.