27, MONTEREY DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6NW - £626,000

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

27 MONTEREY DRIVE is a large extended detached house of 139m², built sometime between 1991 and 1995, which could now be worth an estimated £733,384. It was last sold for £626,000 in August 2018, which was around 34% above the average August 2018 detached price in the Fareham local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

27 MONTEREY DRIVE Sold Prices

Land registry data shows three sales for 27 MONTEREY 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 Fareham local authority area for the corresponding sale date. All of the three 27 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
2018 6 AUG	£626,000	£467,343	34% above HPI
1998 7 DEC	£186,995	£133,189	40% above HPI
1997 25 APR	£178,950	£113,608	58% above HPI

27 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 three 27 MONTEREY DRIVE sales between April 1997 and August 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 December 1998 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the August 2018 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 27 MONTEREY DRIVE be worth now?

27 MONTEREY DRIVE might now be worth an estimated £733,384.

This is based on house price inflation of 17.2%, between August 2018 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 17.2% inflationary increase is applied to the most recent sale price for 27 MONTEREY DRIVE of £626,000 on 6th August 2018. For the value to have increased from £626,000 to £733,384 over the five years and eight months to December 2024, the following assumptions must hold true:

• The value of 27 MONTEREY DRIVE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2018 sale price of £626,000 represented a fair market value for the property.
• The size, condition, and specification of 27 MONTEREY DRIVE has not materially changed since August 2018.

How Large is 27 MONTEREY DRIVE?

27 MONTEREY DRIVE is 139m², which includes two extensions, according to the EPC inspection conducted in April 2012. This puts it in the largest 30% 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 27 MONTEREY DRIVE lies on this distribution: 75% of detached houses houses are smaller than 27 MONTEREY DRIVE, and 25% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

27 MONTEREY DRIVE: Plot and Title Map

27 MONTEREY DRIVE sits on a plot of roughly 0.128 of an acre, or 519m². The below map shows the location of 27 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 27 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 27 MONTEREY DRIVE?

27 MONTEREY DRIVE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 27 on MONTEREY DRIVE.