22, REED DRIVE, MARCHWOOD, SOUTHAMPTON, SO40 4YG - £285,000

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

22 REED DRIVE is a midsized detached house of 104m², built sometime between 1976 and 1982. It was last sold for £285,000 in October 2017, which was around 41% below the average October 2017 detached price in the New Forest local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

22 REED DRIVE Sold Prices

Land registry data shows three sales for 22 REED DRIVE 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 22 REED DRIVE 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
2017 20 OCT	£285,000	£485,311	41% below HPI
2007 1 OCT	£242,000	£356,766	32% below HPI
1996 13 SEP	£66,500	£104,872	37% below HPI

22 REED DRIVE 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 22 REED DRIVE sales between September 1996 and October 2017 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 October 2007 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2017 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 22 REED DRIVE?

22 REED DRIVE is 104m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 50% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 22 REED DRIVE lies on this distribution: 46% of detached houses are smaller than 22 REED DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

22 REED DRIVE: Plot and Title Map

22 REED DRIVE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 22 REED DRIVE, 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 22 REED DRIVE). 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 22 REED DRIVE?

22 REED DRIVE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 22 on REED DRIVE.