29, MONTEREY DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6NW - £555,000

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.

29 MONTEREY DRIVE is a very large extended detached house of 166m², built sometime between 1996 and 2002, which could now be worth an estimated £652,666. It was last sold for £555,000 in July 2020, which was around 18% above the average July 2020 detached price in the Fareham local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

29 MONTEREY DRIVE Sold Prices

Land registry data shows two sales for 29 MONTEREY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 29 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
2020 3 JUL	£555,000	£469,557	18% above HPI
1997 3 APR	£178,950	£113,608	58% above HPI

29 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 two 29 MONTEREY DRIVE sales from April 1997 and July 2020 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 April 1997 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the July 2020 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 29 MONTEREY DRIVE be worth now?

29 MONTEREY DRIVE might now be worth an estimated £652,666.

This is based on house price inflation of 17.6%, between July 2020 and February 2025, 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 17.6% inflationary increase is applied to the most recent sale price for 29 MONTEREY DRIVE of £555,000 on 3rd July 2020. For the value to have increased from £555,000 to £652,666 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 29 MONTEREY DRIVE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The July 2020 sale price of £555,000 represented a fair market value for the property.
• The size, condition, and specification of 29 MONTEREY DRIVE has not materially changed since July 2020.

How Large is 29 MONTEREY DRIVE?

29 MONTEREY DRIVE is 166m², which includes three extensions, according to the EPC inspection conducted in May 2019. 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 29 MONTEREY DRIVE lies on this distribution: 87% of detached houses houses are smaller than 29 MONTEREY DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

29 MONTEREY DRIVE: Plot and Title Map

29 MONTEREY DRIVE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 29 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 29 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 29 MONTEREY DRIVE?

29 MONTEREY DRIVE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 29 on MONTEREY DRIVE.