7, MARJORAM CLOSE, FARNBOROUGH, GU14 9XB - £595,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 MARJORAM CLOSE is a large extended detached house of 125m², built sometime between 1983 and 1990. It was last sold for £595,000 in June 2021, which was around 12% above the average June 2021 detached price in the Rushmoor local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

7 MARJORAM CLOSE Sold Prices

Land registry data shows three sales for 7 MARJORAM 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 Rushmoor local authority area for the corresponding sale date. All of the three 7 MARJORAM 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
2021 2 JUN	£595,000	£531,512	12% above HPI
2009 23 JUL	£350,000	£303,107	15% above HPI
1999 1 FEB	£188,000	£160,107	17% above HPI

7 MARJORAM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rushmoor local authority area over time, sourced from the HPI. The three 7 MARJORAM CLOSE sales between February 1999 and June 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 July 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the June 2021 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 7 MARJORAM CLOSE?

7 MARJORAM CLOSE is 125m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 40% of detached houses in Farnborough, based on EPC data. The below chart shows the distribution of detached houses by size in Farnborough, and where 7 MARJORAM CLOSE lies on this distribution: 61% of detached houses are smaller than 7 MARJORAM CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Farnborough.

7 MARJORAM CLOSE: Plot and Title Map

7 MARJORAM CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 7 MARJORAM 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 7 MARJORAM 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 7 MARJORAM CLOSE?

7 MARJORAM CLOSE is located in FARNBOROUGH, in the GU14 postcode district. The below map shows the position of No. 7 on MARJORAM CLOSE.