38, THE GLADES, LOCKS HEATH, SOUTHAMPTON, SO31 6UY - £585,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

38 THE GLADES is a large extended detached house of 133m², built sometime between 1983 and 1990. It was last sold for £585,000 in March 2022, which was around 8% above the average March 2022 detached price in the Fareham local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

38 THE GLADES Sold Prices

Land registry data shows four sales for 38 THE GLADES 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. Most of the four 38 THE GLADES sales were for above 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 10 MAR	£585,000	£542,003	8% above HPI
2015 30 OCT	£469,950	£391,370	20% above HPI
2009 1 DEC	£340,000	£303,488	12% above HPI
2007 22 OCT	£250,000	£332,121	25% below HPI

38 THE GLADES 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 38 THE GLADES sales between October 2007 and March 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 October 2015 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the March 2022 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 38 THE GLADES?

38 THE GLADES is 133m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 38 THE GLADES lies on this distribution: 70% of detached houses are smaller than 38 THE GLADES, and 29% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

38 THE GLADES: Plot and Title Map

38 THE GLADES sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 38 THE GLADES, 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 THE GLADES). 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 THE GLADES?

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