7, WEALD CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6UZ - £437,000

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 WEALD CLOSE is a very large extended detached house of 192m², built sometime between 1991 and 1995. It was last sold for £437,000 in March 2015, which was around 17% above the average March 2015 detached price in the Fareham local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

7 WEALD CLOSE Sold Prices

Land registry data shows four sales for 7 WEALD 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 Fareham local authority area for the corresponding sale date. All of the four 7 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 12 MAR	£437,000	£373,678	17% above HPI
2009 27 MAR	£385,000	£277,181	39% above HPI
2002 20 JUN	£277,000	£220,624	26% above HPI
2002 3 JAN	£275,000	£210,905	30% above HPI

7 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 four 7 WEALD CLOSE sales between January 2002 and March 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 March 2009 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the March 2015 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 7 WEALD CLOSE?

7 WEALD CLOSE is 192m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the largest 10% 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 WEALD CLOSE lies on this distribution: 94% of detached houses are smaller than 7 WEALD CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

7 WEALD CLOSE: Plot and Title Map

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

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