3, SOVEREIGN CLOSE, TOTTON, SOUTHAMPTON, SO40 8XP - £378,000

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 SOVEREIGN CLOSE is a small extended detached house of 78m², built sometime between 1991 and 1995, which could now be worth an estimated £367,398. It was last sold for £378,000 in November 2023, which was around 37% below the average November 2023 detached price in the New Forest local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

3 SOVEREIGN CLOSE Sold Prices

Land registry data shows six sales for 3 SOVEREIGN CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the six 3 SOVEREIGN 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 17 NOV	£378,000	£599,258	37% below HPI
2016 25 NOV	£305,000	£471,132	35% below HPI
2012 29 JUN	£238,000	£356,487	33% below HPI
2007 23 APR	£239,950	£345,930	31% below HPI
2002 19 AUG	£173,500	£249,637	30% below HPI
1999 17 DEC	£114,000	£166,046	31% below HPI

3 SOVEREIGN CLOSE 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 six 3 SOVEREIGN CLOSE sales between December 1999 and November 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 November 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the November 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 3 SOVEREIGN CLOSE be worth now?

3 SOVEREIGN CLOSE might now be worth an estimated £367,398.

This is based on house price deflation of 2.8%, between November 2023 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 2.8% deflationary decrease is applied to the most recent sale price for 3 SOVEREIGN CLOSE of £378,000 on 17th November 2023. For the value to have decreased from £378,000 to £367,398 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 SOVEREIGN CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The November 2023 sale price of £378,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOVEREIGN CLOSE has not materially changed since November 2023.

How Large is 3 SOVEREIGN CLOSE?

3 SOVEREIGN CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 30% of detached houses houses in Totton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totton, and where 3 SOVEREIGN CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 SOVEREIGN CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Totton.

3 SOVEREIGN CLOSE: Plot and Title Map

3 SOVEREIGN CLOSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of 3 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN CLOSE?

3 SOVEREIGN CLOSE is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 3 on SOVEREIGN CLOSE.