37, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £275,000

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

37 PENNYCRESS is a small extended detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £451,331. It was last sold for £275,000 in December 2013, which was around 18% below the average December 2013 detached price in the Fareham local authority area. The most recent EPC inspection was August 2013, where the current energy rating was E, and the potential energy rating was C.

37 PENNYCRESS Sold Prices

Land registry data shows five sales for 37 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the five 37 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
2013 6 DEC	£275,000	£333,603	18% below HPI
2006 7 DEC	£250,000	£310,735	20% below HPI
2003 10 DEC	£218,000	£269,720	19% below HPI
2002 21 MAY	£184,000	£219,428	16% below HPI
1997 26 NOV	£60,000	£124,774	52% below HPI

37 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 five 37 PENNYCRESS sales between November 1997 and December 2013 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 December 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2013 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 37 PENNYCRESS be worth now?

37 PENNYCRESS might now be worth an estimated £451,331.

This is based on house price inflation of 64.1%, between December 2013 and December 2024, 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 64.1% inflationary increase is applied to the most recent sale price for 37 PENNYCRESS of £275,000 on 6th December 2013. For the value to have increased from £275,000 to £451,331 over the eleven years to December 2024, the following assumptions must hold true:

• The value of 37 PENNYCRESS has moved in line with the HPI for detached houses in the Fareham local authority area.
• The December 2013 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 37 PENNYCRESS has not materially changed since December 2013.

How Large is 37 PENNYCRESS?

37 PENNYCRESS is 101m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% 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 37 PENNYCRESS lies on this distribution: 31% of detached houses houses are smaller than 37 PENNYCRESS, and 69% of houses are larger. Note that EPC data is not available for all properties in Warsash.

37 PENNYCRESS: Plot and Title Map

37 PENNYCRESS sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 37 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 37 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 37 PENNYCRESS?

37 PENNYCRESS is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 37 on PENNYCRESS.