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

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 WAVECREST CLOSE is a large extended detached house of 131m², built sometime between 1996 and 2002, which could now be worth an estimated £482,688. It was last sold for £520,000 in October 2022, which was around 17% 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	£627,474	17% below HPI
2006 3 NOV	£279,000	£340,285	18% below HPI
2001 12 APR	£182,000	£200,062	9% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 WAVECREST CLOSE be worth now?

3 WAVECREST CLOSE might now be worth an estimated £482,688.

This is based on house price deflation of 7.2%, between October 2022 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 7.2% deflationary decrease is applied to the most recent sale price for 3 WAVECREST CLOSE of £520,000 on 19th October 2022. For the value to have decreased from £520,000 to £482,688 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 WAVECREST CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2022 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of 3 WAVECREST CLOSE has not materially changed since October 2022.

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 houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 3 WAVECREST CLOSE lies on this distribution: 78% of detached houses houses are smaller than 3 WAVECREST CLOSE, and 22% 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.