5, GORSE CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6XZ - £365,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 GORSE CLOSE is a midsized detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £549,969. It was last sold for £365,000 in September 2014, which was about the average September 2014 detached price in the Fareham local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

5 GORSE CLOSE Sold Prices

Land registry data shows three sales for 5 GORSE 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. The three 5 GORSE CLOSE sales were a mix of roughly equal to the average price, and 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
2014 26 SEP	£365,000	£363,369	Close to HPI
2007 13 SEP	£323,000	£336,295	4% below HPI
2000 20 OCT	£176,000	£186,758	6% below HPI

5 GORSE 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 5 GORSE CLOSE sales between October 2000 and September 2014 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 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2014 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 5 GORSE CLOSE be worth now?

5 GORSE CLOSE might now be worth an estimated £549,969.

This is based on house price inflation of 50.7%, between September 2014 and December 2024, 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 50.7% inflationary increase is applied to the most recent sale price for 5 GORSE CLOSE of £365,000 on 26th September 2014. For the value to have increased from £365,000 to £549,969 over the nine years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 GORSE CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The September 2014 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GORSE CLOSE has not materially changed since September 2014.

How Large is 5 GORSE CLOSE?

5 GORSE CLOSE is 115m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 50% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 5 GORSE CLOSE lies on this distribution: 49% of detached houses houses are smaller than 5 GORSE CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

5 GORSE CLOSE: Plot and Title Map

5 GORSE CLOSE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 5 GORSE 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 GORSE 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 GORSE CLOSE?

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