4, MARKEN CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6GG - £710,000

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.

4 MARKEN CLOSE is a very large extended detached house of 182m², built sometime between 1991 and 1995, which could now be worth an estimated £698,253. It was last sold for £710,000 in August 2023, which was around 26% above the average August 2023 detached price in the Fareham local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was C.

4 MARKEN CLOSE Sold Prices

Land registry data shows three sales for 4 MARKEN CLOSE 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 4 MARKEN CLOSE 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
2023 2 AUG	£710,000	£561,477	26% above HPI
2009 3 APR	£330,000	£284,468	16% above HPI
2007 24 MAY	£379,950	£319,901	19% above HPI

4 MARKEN CLOSE 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 4 MARKEN CLOSE sales between May 2007 and August 2023 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 2009 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2023 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 4 MARKEN CLOSE be worth now?

4 MARKEN CLOSE might now be worth an estimated £698,253.

This is based on house price deflation of 1.7%, between August 2023 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 1.7% deflationary decrease is applied to the most recent sale price for 4 MARKEN CLOSE of £710,000 on 2nd August 2023. For the value to have decreased from £710,000 to £698,253 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 4 MARKEN CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2023 sale price of £710,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MARKEN CLOSE has not materially changed since August 2023.

How Large is 4 MARKEN CLOSE?

4 MARKEN CLOSE is 182m², which includes three extensions, according to the EPC inspection conducted in May 2023. This puts it in the largest 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 4 MARKEN CLOSE lies on this distribution: 85% of detached houses houses are smaller than 4 MARKEN CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Warsash.

4 MARKEN CLOSE: Plot and Title Map

4 MARKEN CLOSE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 4 MARKEN CLOSE, 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 4 MARKEN CLOSE). 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 4 MARKEN CLOSE?

4 MARKEN CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 4 on MARKEN CLOSE.