2, THE GLADES, LOCKS HEATH, SOUTHAMPTON, SO31 6UY - £226,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE GLADES is a very small detached house of 82m², built sometime between 1991 and 1995. It was last sold for £226,000 in March 2010, which was around 27% below the average March 2010 detached price in the Fareham local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

2 THE GLADES Sold Prices

Land registry data shows three sales for 2 THE GLADES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 2 THE GLADES 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
2010 1 MAR	£226,000	£311,697	27% below HPI
2001 25 SEP	£150,000	£205,934	27% below HPI
1997 25 APR	£85,000	£112,560	24% below HPI

2 THE GLADES 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 three 2 THE GLADES sales between April 1997 and March 2010 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 September 2001 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2010 sale, which was also at 27% below the HPI.

How Large is 2 THE GLADES?

2 THE GLADES is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 2 THE GLADES lies on this distribution: 11% of detached houses are smaller than 2 THE GLADES, and 88% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

2 THE GLADES: Plot and Title Map

2 THE GLADES sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 2 THE GLADES, 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 GLADES). 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 GLADES?

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