21, OLD MAGAZINE CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4SD - £407,000

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

21 OLD MAGAZINE CLOSE is a small detached house of 92m², built sometime between 1950 and 1966. It was last sold for £407,000 in February 2023, which was around 30% below the average February 2023 detached price in the New Forest local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

21 OLD MAGAZINE CLOSE Sold Prices

Land registry data shows three sales for 21 OLD MAGAZINE 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 21 OLD MAGAZINE 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
2023 16 FEB	£407,000	£583,970	30% below HPI
2019 12 DEC	£340,000	£469,829	28% below HPI
1997 27 JUN	£106,000	£116,147	9% below HPI

21 OLD MAGAZINE 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 21 OLD MAGAZINE CLOSE sales between June 1997 and February 2023 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 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 21 OLD MAGAZINE CLOSE?

21 OLD MAGAZINE CLOSE is 92m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 21 OLD MAGAZINE CLOSE lies on this distribution: 25% of detached houses are smaller than 21 OLD MAGAZINE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

21 OLD MAGAZINE CLOSE: Plot and Title Map

21 OLD MAGAZINE CLOSE sits on a plot of roughly 0.201 of an acre, or 812m². The below map shows the location of 21 OLD MAGAZINE 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 21 OLD MAGAZINE 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 21 OLD MAGAZINE CLOSE?

21 OLD MAGAZINE CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 21 on OLD MAGAZINE CLOSE.