3, REEDLING DRIVE, SOUTHSEA, PO4 8UF - £470,000

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 REEDLING DRIVE is a large extended detached house of 150m², built sometime between 1996 and 2002, which could now be worth an estimated £660,547. It was last sold for £470,000 in November 2015, which was around 28% above the average November 2015 detached price in the Portsmouth local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

3 REEDLING DRIVE Sold Prices

Land registry data shows two sales for 3 REEDLING 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 Portsmouth local authority area for the corresponding sale date. Both of the two 3 REEDLING 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
2015 27 NOV	£470,000	£367,185	28% above HPI
2000 15 NOV	£192,000	£168,853	14% above HPI

3 REEDLING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Portsmouth local authority area over time, sourced from the HPI. The two 3 REEDLING DRIVE sales from November 2000 and November 2015 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 November 2000 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the November 2015 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 3 REEDLING DRIVE be worth now?

3 REEDLING DRIVE might now be worth an estimated £660,547.

This is based on house price inflation of 40.5%, between November 2015 and February 2025, for detached houses, in the Portsmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.5% inflationary increase is applied to the most recent sale price for 3 REEDLING DRIVE of £470,000 on 27th November 2015. For the value to have increased from £470,000 to £660,547 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 REEDLING DRIVE has moved in line with the HPI for detached houses in the Portsmouth local authority area.
• The November 2015 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REEDLING DRIVE has not materially changed since November 2015.

How Large is 3 REEDLING DRIVE?

3 REEDLING DRIVE is 150m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the largest 30% of detached houses houses in Portsmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Portsmouth, and where 3 REEDLING DRIVE lies on this distribution: 72% of detached houses houses are smaller than 3 REEDLING DRIVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Portsmouth.

3 REEDLING DRIVE: Plot and Title Map

3 REEDLING DRIVE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 3 REEDLING 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 REEDLING 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 REEDLING DRIVE?

3 REEDLING DRIVE is located in SOUTHSEA, in the PO4 postcode district. The below map shows the position of No. 3 on REEDLING DRIVE.