3, TERN CLOSE, HYTHE, SOUTHAMPTON, SO45 3GE - £195,000

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 TERN CLOSE is a very small detached house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £271,894. It was last sold for £195,000 in April 2015, which was around 53% below the average April 2015 detached price in the New Forest local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

3 TERN CLOSE Sold Prices

Land registry data shows two sales for 3 TERN 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 New Forest local authority area for the corresponding sale date. Both of the two 3 TERN 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
2015 1 APR	£195,000	£417,897	53% below HPI
2007 29 JUN	£210,000	£360,109	42% below HPI

3 TERN 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 two 3 TERN CLOSE sales from June 2007 and April 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 June 2007 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2015 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 3 TERN CLOSE be worth now?

3 TERN CLOSE might now be worth an estimated £271,894.

This is based on house price inflation of 39.4%, between April 2015 and December 2024, 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 39.4% inflationary increase is applied to the most recent sale price for 3 TERN CLOSE of £195,000 on 1st April 2015. For the value to have increased from £195,000 to £271,894 over the eight years and four months to December 2024, the following assumptions must hold true:

• The value of 3 TERN CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The April 2015 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 3 TERN CLOSE has not materially changed since April 2015.

How Large is 3 TERN CLOSE?

3 TERN CLOSE is 63m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 10% of detached houses houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hythe, and where 3 TERN CLOSE lies on this distribution: 9% of detached houses houses are smaller than 3 TERN CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Hythe.

3 TERN CLOSE: Plot and Title Map

3 TERN CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 3 TERN 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 TERN 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 TERN CLOSE?

3 TERN CLOSE is located in HYTHE, in the SO45 postcode district. The below map shows the position of No. 3 on TERN CLOSE.