5, WEALD CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6UZ - £479,950

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 WEALD CLOSE is a very large extended detached house of 196m², built sometime between 1976 and 1982, which could now be worth an estimated £666,890. It was last sold for £479,950 in November 2015, which was around 22% above the average November 2015 detached price in the Fareham local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

5 WEALD CLOSE Sold Prices

Land registry data shows three sales for 5 WEALD 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 5 WEALD 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
2015 23 NOV	£479,950	£394,035	22% above HPI
2011 9 DEC	£357,000	£319,905	12% above HPI
1998 26 JUN	£156,500	£131,992	19% above HPI

5 WEALD 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 WEALD CLOSE sales between June 1998 and November 2015 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 December 2011 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the November 2015 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 5 WEALD CLOSE be worth now?

5 WEALD CLOSE might now be worth an estimated £666,890.

This is based on house price inflation of 38.9%, between November 2015 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 38.9% inflationary increase is applied to the most recent sale price for 5 WEALD CLOSE of £479,950 on 23rd November 2015. For the value to have increased from £479,950 to £666,890 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 WEALD CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The November 2015 sale price of £479,950 represented a fair market value for the property.
• The size, condition, and specification of 5 WEALD CLOSE has not materially changed since November 2015.

How Large is 5 WEALD CLOSE?

5 WEALD CLOSE is 196m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% 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 WEALD CLOSE lies on this distribution: 95% of detached houses houses are smaller than 5 WEALD CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

5 WEALD CLOSE: Plot and Title Map

5 WEALD CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 5 WEALD 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 WEALD 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 WEALD CLOSE?

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