38, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £310,000

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

38 PENNYCRESS is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £310,000 in June 2016, which was around 25% below the average June 2016 detached price in the Fareham local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

38 PENNYCRESS Sold Prices

Land registry data shows three sales for 38 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 38 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 20 JUN	£310,000	£411,509	25% below HPI
2005 11 NOV	£195,000	£280,582	31% below HPI
2003 12 DEC	£185,000	£267,232	31% below HPI

38 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 three 38 PENNYCRESS sales between December 2003 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 November 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 38 PENNYCRESS?

38 PENNYCRESS is 86m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses by size in Warsash, and where 38 PENNYCRESS lies on this distribution: 16% of detached houses are smaller than 38 PENNYCRESS, and 83% of houses are larger. Note that EPC data is not available for all properties in Warsash.

38 PENNYCRESS: Plot and Title Map

38 PENNYCRESS sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 38 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 38 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 38 PENNYCRESS?

38 PENNYCRESS is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 38 on PENNYCRESS.