7, THE GLADES, LOCKS HEATH, SOUTHAMPTON, SO31 6UX - £390,000

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 THE GLADES is a midsized detached house of 121m², built sometime between 1983 and 1990. It was last sold for £390,000 in March 2023, which was around 30% below the average March 2023 detached price in the Fareham local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

7 THE GLADES Sold Prices

Land registry data shows five sales for 7 THE GLADES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the five 7 THE GLADES 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
2023 31 MAR	£390,000	£555,535	30% below HPI
2018 8 MAY	£325,500	£444,593	27% below HPI
2015 18 DEC	£290,050	£395,889	27% below HPI
2000 14 APR	£100,000	£155,773	36% below HPI
1997 3 DEC	£84,000	£122,733	32% below HPI

7 THE GLADES 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 five 7 THE GLADES sales between December 1997 and March 2023 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 May 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the March 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 THE GLADES?

7 THE GLADES is 121m² according to the EPC inspection conducted in June 2016. This puts it in the largest 50% 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 7 THE GLADES lies on this distribution: 57% of detached houses are smaller than 7 THE GLADES, and 42% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

7 THE GLADES: Plot and Title Map

7 THE GLADES sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 7 THE GLADES, 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 THE GLADES). 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 THE GLADES?

7 THE GLADES is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 7 on THE GLADES.