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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 REED DRIVE is a midsized detached house of 104m², built sometime between 1976 and 1982, which could now be worth an estimated £323,831. It was last sold for £285,000 in October 2017, which was around 44% 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	£512,607	44% below HPI
2007 1 OCT	£242,000	£376,832	36% below HPI
1996 13 SEP	£66,500	£110,771	40% 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 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the October 2017 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 22 REED DRIVE be worth now?

22 REED DRIVE might now be worth an estimated £323,831.

This is based on house price inflation of 13.6%, between October 2017 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.6% inflationary increase is applied to the most recent sale price for 22 REED DRIVE of £285,000 on 20th October 2017. For the value to have increased from £285,000 to £323,831 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 22 REED DRIVE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 22 REED DRIVE has not materially changed since October 2017.

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 houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 22 REED DRIVE lies on this distribution: 45% of detached houses houses are smaller than 22 REED DRIVE, and 55% 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.