2, THE CHIMES, LOCKS HEATH, SOUTHAMPTON, SO31 6DA - £580,000

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 THE CHIMES is a very large detached house of 188m², which could now be worth an estimated £764,570. It was last sold for £580,000 in June 2016, which was around 40% above the average June 2016 detached price in the Fareham local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was A.

2 THE CHIMES Sold Prices

Land registry data shows two sales for 2 THE CHIMES 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 THE CHIMES sales were for above 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
2016 30 JUN	£580,000	£415,340	40% above HPI
2014 8 DEC	£395,000	£370,567	7% above HPI

2 THE CHIMES 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 THE CHIMES sales from December 2014 and June 2016 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 December 2014 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2016 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 THE CHIMES be worth now?

2 THE CHIMES might now be worth an estimated £764,570.

This is based on house price inflation of 31.8%, between June 2016 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 31.8% inflationary increase is applied to the most recent sale price for 2 THE CHIMES of £580,000 on 30th June 2016. For the value to have increased from £580,000 to £764,570 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 2 THE CHIMES has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2016 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CHIMES has not materially changed since June 2016.

How Large is 2 THE CHIMES?

2 THE CHIMES is 188m² according to the EPC inspection conducted in June 2016. This puts it in the largest 10% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 2 THE CHIMES lies on this distribution: 94% of detached houses houses are smaller than 2 THE CHIMES, and 6% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

2 THE CHIMES: Plot and Title Map

2 THE CHIMES sits on a plot of roughly 0.174 of an acre, or 703m². The below map shows the location of 2 THE CHIMES, 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 THE CHIMES). 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 THE CHIMES?

2 THE CHIMES is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 2 on THE CHIMES.