36, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £325,000

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.

36 PENNYCRESS is a very small extended detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £432,082. It was last sold for £325,000 in June 2016, which was around 22% below the average June 2016 detached price in the Fareham local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

36 PENNYCRESS Sold Prices

Land registry data shows four sales for 36 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 36 PENNYCRESS 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
2016 28 JUN	£325,000	£415,340	22% below HPI
2006 22 JUN	£219,000	£297,225	26% below HPI
2003 11 JUL	£203,000	£267,920	24% below HPI
1995 4 DEC	£69,960	£103,165	32% below HPI

36 PENNYCRESS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fareham local authority area over time, sourced from the HPI. The four 36 PENNYCRESS sales between December 1995 and June 2016 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 36 PENNYCRESS be worth now?

36 PENNYCRESS might now be worth an estimated £432,082.

This is based on house price inflation of 32.9%, between June 2016 and February 2025, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for 36 PENNYCRESS of £325,000 on 28th June 2016. For the value to have increased from £325,000 to £432,082 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 36 PENNYCRESS has moved in line with the HPI for detached houses in the Fareham local authority area.
• The June 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 36 PENNYCRESS has not materially changed since June 2016.

How Large is 36 PENNYCRESS?

36 PENNYCRESS is 87m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% of detached houses houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warsash, and where 36 PENNYCRESS lies on this distribution: 17% of detached houses houses are smaller than 36 PENNYCRESS, and 83% of houses are larger. Note that EPC data is not available for all properties in Warsash.

36 PENNYCRESS: Plot and Title Map

36 PENNYCRESS sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 36 PENNYCRESS, 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 36 PENNYCRESS). 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 36 PENNYCRESS?

36 PENNYCRESS is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 36 on PENNYCRESS.