5, ERICA CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6SD - £495,000

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

5 ERICA CLOSE is a midsized detached house of 108m², built sometime between 1983 and 1990. It was last sold for £495,000 in December 2020, which was around 3% above the average December 2020 detached price in the Fareham local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

5 ERICA CLOSE Sold Prices

Land registry data shows two sales for 5 ERICA CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two 5 ERICA 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
2020 18 DEC	£495,000	£481,195	3% above HPI
2018 28 SEP	£507,500	£460,181	10% above HPI

5 ERICA 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 two 5 ERICA CLOSE sales from September 2018 and December 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 September 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the December 2020 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 5 ERICA CLOSE?

5 ERICA CLOSE is 108m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 50% 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 5 ERICA CLOSE lies on this distribution: 41% of detached houses are smaller than 5 ERICA CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

5 ERICA CLOSE: Plot and Title Map

5 ERICA CLOSE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 5 ERICA 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 5 ERICA 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 5 ERICA CLOSE?

5 ERICA CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 5 on ERICA CLOSE.