8, GRAYS CLOSE, GOSPORT, PO12 2QL - £403,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 GRAYS CLOSE is a midsized detached house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £396,850. It was last sold for £403,000 in November 2024, which was around 14% below the average November 2024 detached price in the Gosport local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

8 GRAYS CLOSE Sold Prices

Land registry data shows two sales for 8 GRAYS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gosport local authority area for the corresponding sale date. One of the two 8 GRAYS CLOSE sales was for below the average price, whilst the other was 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
2024 15 NOV	£403,000	£471,189	14% below HPI
1998 28 AUG	£126,250	£115,471	9% above HPI

8 GRAYS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gosport local authority area over time, sourced from the HPI. The two 8 GRAYS CLOSE sales from August 1998 and November 2024 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 August 1998 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 8 GRAYS CLOSE be worth now?

8 GRAYS CLOSE might now be worth an estimated £396,850.

This is based on house price deflation of 1.5%, between November 2024 and December 2024, for detached houses, in the Gosport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% deflationary decrease is applied to the most recent sale price for 8 GRAYS CLOSE of £403,000 on 15th November 2024. For the value to have decreased from £403,000 to £396,850 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 8 GRAYS CLOSE has moved in line with the HPI for detached houses in the Gosport local authority area.
• The November 2024 sale price of £403,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRAYS CLOSE has not materially changed since November 2024.

How Large is 8 GRAYS CLOSE?

8 GRAYS CLOSE is 105m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 50% of detached houses houses in Gosport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gosport, and where 8 GRAYS CLOSE lies on this distribution: 45% of detached houses houses are smaller than 8 GRAYS CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Gosport.

8 GRAYS CLOSE: Plot and Title Map

8 GRAYS CLOSE sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 8 GRAYS 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 8 GRAYS 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 8 GRAYS CLOSE?

8 GRAYS CLOSE is located in GOSPORT, in the PO12 postcode district. The below map shows the position of No. 8 on GRAYS CLOSE.