38, SOVEREIGN WAY, EASTLEIGH, SO50 4SA - £410,000

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 SOVEREIGN WAY is a midsized detached house of 106m², built sometime between 1983 and 1990. It was last sold for £410,000 in August 2020, which was around 12% below the average August 2020 detached price in the Eastleigh local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

38 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 38 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Eastleigh local authority area for the corresponding sale date. Both of the two 38 SOVEREIGN WAY 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
2020 21 AUG	£410,000	£464,533	12% below HPI
2015 30 APR	£373,000	£380,166	2% below HPI

38 SOVEREIGN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Eastleigh local authority area over time, sourced from the HPI. The two 38 SOVEREIGN WAY sales from April 2015 and August 2020 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 April 2015 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 38 SOVEREIGN WAY?

38 SOVEREIGN WAY is 106m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 50% of detached houses in Eastleigh, based on EPC data. The below chart shows the distribution of detached houses by size in Eastleigh, and where 38 SOVEREIGN WAY lies on this distribution: 43% of detached houses are smaller than 38 SOVEREIGN WAY, and 56% of houses are larger. Note that EPC data is not available for all properties in Eastleigh.

38 SOVEREIGN WAY: Plot and Title Map

38 SOVEREIGN WAY sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 38 SOVEREIGN WAY, 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 SOVEREIGN WAY). 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 SOVEREIGN WAY?

38 SOVEREIGN WAY is located in EASTLEIGH, in the SO50 postcode district. The below map shows the position of No. 38 on SOVEREIGN WAY.