3, EXETER CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6PX - £311,760

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

3 EXETER CLOSE is a very small extended detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £313,099. It was last sold for £311,760 in December 2023, which was around 43% below the average December 2023 detached price in the Fareham local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

3 EXETER CLOSE Sold Prices

Land registry data shows two sales for 3 EXETER CLOSE 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 3 EXETER 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
2023 19 DEC	£311,760	£545,169	43% below HPI
2016 27 MAY	£275,000	£412,272	33% below HPI

3 EXETER CLOSE 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 3 EXETER CLOSE sales from May 2016 and December 2023 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 2016 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2023 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 3 EXETER CLOSE be worth now?

3 EXETER CLOSE might now be worth an estimated £313,099.

This is based on house price inflation of 0.4%, between December 2023 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 0.4% inflationary increase is applied to the most recent sale price for 3 EXETER CLOSE of £311,760 on 19th December 2023. For the value to have increased from £311,760 to £313,099 over the one year to December 2024, the following assumptions must hold true:

• The value of 3 EXETER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The December 2023 sale price of £311,760 represented a fair market value for the property.
• The size, condition, and specification of 3 EXETER CLOSE has not materially changed since December 2023.

How Large is 3 EXETER CLOSE?

3 EXETER CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% 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 3 EXETER CLOSE lies on this distribution: 6% of detached houses houses are smaller than 3 EXETER CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

3 EXETER CLOSE: Plot and Title Map

3 EXETER CLOSE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 3 EXETER 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 3 EXETER 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 3 EXETER CLOSE?

3 EXETER CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 3 on EXETER CLOSE.