7, PARK CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4PD - £456,000

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

7 PARK CLOSE is a large extended detached house of 122m², built sometime between 1983 and 1990. It was last sold for £456,000 in July 2018, which was around 6% below the average July 2018 detached price in the New Forest local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was A.

7 PARK CLOSE Sold Prices

Land registry data shows five sales for 7 PARK CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the five 7 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
2018 16 JUL	£456,000	£482,860	6% below HPI
2007 1 JUN	£323,000	£340,934	5% below HPI
2004 8 APR	£245,000	£288,626	15% below HPI
2001 12 JAN	£159,000	£189,541	16% below HPI
1998 24 JUL	£119,950	£132,207	9% below HPI

7 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 five 7 PARK CLOSE sales between July 1998 and July 2018 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 June 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2018 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 7 PARK CLOSE?

7 PARK CLOSE is 122m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 30% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 7 PARK CLOSE lies on this distribution: 70% of detached houses are smaller than 7 PARK CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

7 PARK CLOSE: Plot and Title Map

7 PARK CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 7 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 7 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 7 PARK CLOSE?

7 PARK CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 7 on PARK CLOSE.