3, WAVECREST CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4AT - £520,000

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 WAVECREST CLOSE is a large extended detached house of 131m², built sometime between 1996 and 2002. It was last sold for £520,000 in October 2022, which was around 12% below the average October 2022 detached price in the New Forest local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

3 WAVECREST CLOSE Sold Prices

Land registry data shows three sales for 3 WAVECREST CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 3 WAVECREST 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
2022 19 OCT	£520,000	£594,062	12% below HPI
2006 3 NOV	£279,000	£322,165	13% below HPI
2001 12 APR	£182,000	£189,409	4% below HPI

3 WAVECREST 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 three 3 WAVECREST CLOSE sales between April 2001 and October 2022 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 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 WAVECREST CLOSE?

3 WAVECREST CLOSE is 131m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 30% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 3 WAVECREST CLOSE lies on this distribution: 78% of detached houses are smaller than 3 WAVECREST CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

3 WAVECREST CLOSE: Plot and Title Map

3 WAVECREST CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 3 WAVECREST 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 WAVECREST 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 WAVECREST CLOSE?

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