3, MONARCH CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6UG - £410,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 MONARCH CLOSE is a large extended detached house of 144m², built sometime between 1983 and 1990. It was last sold for £410,000 in March 2019, which was around 11% below the average March 2019 detached price in the Fareham local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

3 MONARCH CLOSE Sold Prices

Land registry data shows two sales for 3 MONARCH 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 MONARCH 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
2019 11 MAR	£410,000	£460,784	11% below HPI
2015 17 JUL	£327,000	£372,000	12% below HPI

3 MONARCH 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 MONARCH CLOSE sales from July 2015 and March 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 July 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 MONARCH CLOSE?

3 MONARCH CLOSE is 144m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 3 MONARCH CLOSE lies on this distribution: 78% of detached houses are smaller than 3 MONARCH CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

3 MONARCH CLOSE: Plot and Title Map

3 MONARCH CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 3 MONARCH 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 MONARCH 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 MONARCH CLOSE?

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