24, MONTEREY DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6NW - £606,250

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

24 MONTEREY DRIVE is a very large detached house of 152m², built sometime between 1996 and 2002, which could now be worth an estimated £717,362. It was last sold for £606,250 in February 2019, which was around 31% above the average February 2019 detached price in the Fareham local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was C.

24 MONTEREY DRIVE Sold Prices

Land registry data shows four sales for 24 MONTEREY DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 24 MONTEREY DRIVE sales were for above 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
2019 18 FEB	£606,250	£462,707	31% above HPI
2007 11 MAY	£450,000	£319,901	41% above HPI
2001 29 AUG	£285,000	£200,510	42% above HPI
1998 18 DEC	£215,000	£133,189	61% above HPI

24 MONTEREY DRIVE 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 four 24 MONTEREY DRIVE sales between December 1998 and February 2019 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 May 2007 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2019 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 24 MONTEREY DRIVE be worth now?

24 MONTEREY DRIVE might now be worth an estimated £717,362.

This is based on house price inflation of 18.3%, between February 2019 and December 2024, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.3% inflationary increase is applied to the most recent sale price for 24 MONTEREY DRIVE of £606,250 on 18th February 2019. For the value to have increased from £606,250 to £717,362 over the four years and two months to December 2024, the following assumptions must hold true:

• The value of 24 MONTEREY DRIVE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The February 2019 sale price of £606,250 represented a fair market value for the property.
• The size, condition, and specification of 24 MONTEREY DRIVE has not materially changed since February 2019.

How Large is 24 MONTEREY DRIVE?

24 MONTEREY DRIVE is 152m² according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 24 MONTEREY DRIVE lies on this distribution: 81% of detached houses houses are smaller than 24 MONTEREY DRIVE, and 18% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

24 MONTEREY DRIVE: Plot and Title Map

24 MONTEREY DRIVE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 24 MONTEREY 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 24 MONTEREY 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 24 MONTEREY DRIVE?

24 MONTEREY DRIVE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 24 on MONTEREY DRIVE.