5, MONTEREY DRIVE, LOCKS HEATH, SOUTHAMPTON, SO31 6NW - £630,000

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 MONTEREY DRIVE is a very large extended detached house of 154m², built sometime between 1996 and 2002. It was last sold for £630,000 in January 2021, which was around 30% above the average January 2021 detached price in the Fareham local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

5 MONTEREY DRIVE Sold Prices

Land registry data shows three sales for 5 MONTEREY DRIVE 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 5 MONTEREY DRIVE 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
2021 29 JAN	£630,000	£484,926	30% above HPI
2005 18 NOV	£395,000	£280,582	41% above HPI
2001 7 SEP	£277,500	£205,934	35% above HPI

5 MONTEREY DRIVE 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 MONTEREY DRIVE sales between September 2001 and January 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 November 2005 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the January 2021 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 5 MONTEREY DRIVE?

5 MONTEREY DRIVE is 154m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 20% 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 MONTEREY DRIVE lies on this distribution: 83% of detached houses are smaller than 5 MONTEREY DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

5 MONTEREY DRIVE: Plot and Title Map

5 MONTEREY DRIVE sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of 5 MONTEREY 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 5 MONTEREY 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 5 MONTEREY DRIVE?

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