3, LARKSPUR DRIVE, MARCHWOOD, SOUTHAMPTON, SO40 4JX - £361,000

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.

3 LARKSPUR DRIVE is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £354,450. It was last sold for £361,000 in December 2021, which was around 39% below the average December 2021 detached price in the New Forest local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

3 LARKSPUR DRIVE Sold Prices

Land registry data shows four sales for 3 LARKSPUR 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 New Forest local authority area for the corresponding sale date. All of the four 3 LARKSPUR DRIVE 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
2021 21 DEC	£361,000	£593,213	39% below HPI
2008 9 DEC	£235,000	£326,832	28% below HPI
2003 25 SEP	£227,950	£295,310	23% below HPI
1997 29 AUG	£89,000	£129,277	31% below HPI

3 LARKSPUR DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The four 3 LARKSPUR DRIVE sales between August 1997 and December 2021 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 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2021 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 3 LARKSPUR DRIVE be worth now?

3 LARKSPUR DRIVE might now be worth an estimated £354,450.

This is based on house price deflation of 1.8%, between December 2021 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.8% deflationary decrease is applied to the most recent sale price for 3 LARKSPUR DRIVE of £361,000 on 21st December 2021. For the value to have decreased from £361,000 to £354,450 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 LARKSPUR DRIVE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The December 2021 sale price of £361,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LARKSPUR DRIVE has not materially changed since December 2021.

How Large is 3 LARKSPUR DRIVE?

3 LARKSPUR DRIVE is 76m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 3 LARKSPUR DRIVE lies on this distribution: 8% of detached houses houses are smaller than 3 LARKSPUR DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

3 LARKSPUR DRIVE: Plot and Title Map

3 LARKSPUR DRIVE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 3 LARKSPUR 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 3 LARKSPUR 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 3 LARKSPUR DRIVE?

3 LARKSPUR DRIVE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 3 on LARKSPUR DRIVE.