2, TERN CLOSE, HYTHE, SOUTHAMPTON, SO45 3GE - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 TERN CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £260,000 in December 2019, which was around 45% below the average December 2019 detached price in the New Forest local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

2 TERN CLOSE Sold Prices

Land registry data shows three sales for 2 TERN 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 New Forest local authority area for the corresponding sale date. All of the three 2 TERN 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
2019 11 DEC	£260,000	£469,829	45% below HPI
2014 13 JUN	£189,950	£372,179	49% below HPI
2006 11 AUG	£198,000	£316,848	38% below HPI

2 TERN 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 three 2 TERN CLOSE sales between August 2006 and December 2019 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 June 2014 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2019 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 2 TERN CLOSE?

2 TERN CLOSE is 65m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses by size in Hythe, and where 2 TERN CLOSE lies on this distribution: 10% of detached houses are smaller than 2 TERN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Hythe.

2 TERN CLOSE: Plot and Title Map

2 TERN CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 2 TERN 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 TERN 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 TERN CLOSE?

2 TERN CLOSE is located in HYTHE, in the SO45 postcode district. The below map shows the position of No. 2 on TERN CLOSE.