6, PARK CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4PD - £393,000

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.

6 PARK CLOSE is a midsized extended detached house of 101m², built sometime between 1991 and 1995, which could now be worth an estimated £441,064. It was last sold for £393,000 in September 2020, which was around 24% below the average September 2020 detached price in the New Forest local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was B.

6 PARK CLOSE Sold Prices

Land registry data shows four sales for 6 PARK CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the four 6 PARK CLOSE sales were for 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
2020 18 SEP	£393,000	£518,979	24% below HPI
2004 12 JUL	£267,500	£309,737	14% below HPI
2000 30 JUN	£149,950	£183,593	18% below HPI
1998 10 FEB	£114,000	£136,493	16% below HPI

6 PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The four 6 PARK CLOSE sales between February 1998 and September 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 July 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2020 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 6 PARK CLOSE be worth now?

6 PARK CLOSE might now be worth an estimated £441,064.

This is based on house price inflation of 12.2%, between September 2020 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.2% inflationary increase is applied to the most recent sale price for 6 PARK CLOSE of £393,000 on 18th September 2020. For the value to have increased from £393,000 to £441,064 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 6 PARK CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The September 2020 sale price of £393,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PARK CLOSE has not materially changed since September 2020.

How Large is 6 PARK CLOSE?

6 PARK CLOSE is 101m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 50% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 6 PARK CLOSE lies on this distribution: 40% of detached houses houses are smaller than 6 PARK CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

6 PARK CLOSE: Plot and Title Map

6 PARK CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 6 PARK 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 6 PARK 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 6 PARK CLOSE?

6 PARK CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 6 on PARK CLOSE.