40, LAMBOURNE DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6TY - £225,000

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.

40 LAMBOURNE DRIVE is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £256,683. It was last sold for £225,000 in February 2021, which was around 8% below the average February 2021 terraced price in the Fareham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

40 LAMBOURNE DRIVE Sold Prices

Land registry data shows six sales for 40 LAMBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Fareham local authority area for the corresponding sale date. three of the six 40 LAMBOURNE DRIVE sales were for below the average price, and six 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
2021 22 FEB	£225,000	£243,576	8% below HPI
2015 10 SEP	£188,000	£196,170	4% below HPI
2010 19 MAR	£158,000	£160,214	1% below HPI
2005 11 NOV	£147,000	£145,329	1% above HPI
2001 22 NOV	£101,500	£94,602	7% above HPI
1999 15 APR	£66,950	£63,247	6% above HPI

40 LAMBOURNE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Fareham local authority area over time, sourced from the HPI. The six 40 LAMBOURNE DRIVE sales between April 1999 and February 2021 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 September 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 40 LAMBOURNE DRIVE be worth now?

40 LAMBOURNE DRIVE might now be worth an estimated £256,683.

This is based on house price inflation of 14.1%, between February 2021 and July 2025, for terraced 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 14.1% inflationary increase is applied to the most recent sale price for 40 LAMBOURNE DRIVE of £225,000 on 22nd February 2021. For the value to have increased from £225,000 to £256,683 over the three years and seven months to July 2025, the following assumptions must hold true:

• The value of 40 LAMBOURNE DRIVE has moved in line with the HPI for terraced houses in the Fareham local authority area.
• The February 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LAMBOURNE DRIVE has not materially changed since February 2021.

How Large is 40 LAMBOURNE DRIVE?

40 LAMBOURNE DRIVE is 56m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Locks Heath, and where 40 LAMBOURNE DRIVE lies on this distribution: 1% of terraced houses houses are smaller than 40 LAMBOURNE DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

40 LAMBOURNE DRIVE: Plot and Title Map

40 LAMBOURNE DRIVE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 40 LAMBOURNE DRIVE, 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 40 LAMBOURNE DRIVE). 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 40 LAMBOURNE DRIVE?

40 LAMBOURNE DRIVE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 40 on LAMBOURNE DRIVE.