23, REEDMACE CLOSE, WATERLOOVILLE, PO7 8HH - £250,000

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

23 REEDMACE CLOSE is a very small semi-detached house of 52m², built sometime between 1976 and 1982. It was last sold for £250,000 in December 2018, which was around 10% below the average December 2018 semi-detached price in the Havant local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

23 REEDMACE CLOSE Sold Prices

Land registry data shows three sales for 23 REEDMACE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Havant local authority area for the corresponding sale date. All of the three 23 REEDMACE 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
2018 19 DEC	£250,000	£276,559	10% below HPI
2015 2 NOV	£180,000	£232,820	23% below HPI
2002 25 APR	£112,500	£116,231	3% below HPI

23 REEDMACE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Havant local authority area over time, sourced from the HPI. The three 23 REEDMACE CLOSE sales between April 2002 and December 2018 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 November 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 23 REEDMACE CLOSE be worth now?

23 REEDMACE CLOSE might now be worth an estimated £305,251.

This is based on house price inflation of 22.1%, between December 2018 and December 2024, for semi-detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.1% inflationary increase is applied to the most recent sale price for 23 REEDMACE CLOSE of £250,000 on 19th December 2018. For the value to have increased from £250,000 to £305,251 over the six years to December 2024, the following assumptions must hold true:

• The value of 23 REEDMACE CLOSE has moved in line with the HPI for semi-detached houses in the Havant local authority area.
• The December 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 23 REEDMACE CLOSE has not materially changed since December 2018.

How Large is 23 REEDMACE CLOSE?

23 REEDMACE CLOSE is 52m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of semi-detached houses houses in Purbrook, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Purbrook, and where 23 REEDMACE CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 23 REEDMACE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Purbrook.

23 REEDMACE CLOSE: Plot and Title Map

23 REEDMACE CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 23 REEDMACE 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 23 REEDMACE 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 23 REEDMACE CLOSE?

23 REEDMACE CLOSE is located in WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 23 on REEDMACE CLOSE.