MARCHWOOD, FAIROAK LANE, OXSHOTT, LEATHERHEAD, KT22 0TP - £1,200,000

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

MARCHWOOD is a midsized extended detached house of 260m², built sometime between 1930 and 1949. It was last sold for £1,200,000 in February 2024, which was around 14% below the average February 2024 detached price in the Elmbridge local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was C.

MARCHWOOD Sold Prices

Land registry data shows three sales for MARCHWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Elmbridge local authority area for the corresponding sale date. One of the three MARCHWOOD sales was for below the average price, whilst two 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
2024 14 FEB	£1,200,000	£1,397,438	14% below HPI
2021 2 MAR	£1,895,000	£1,281,083	48% above HPI
1999 7 MAY	£775,000	£353,439	119% above HPI

MARCHWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Elmbridge local authority area over time, sourced from the HPI. The three MARCHWOOD sales between May 1999 and February 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 March 2021 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the February 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is MARCHWOOD?

MARCHWOOD is 260m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the smallest 50% of detached houses in Oxshott, based on EPC data. The below chart shows the distribution of detached houses by size in Oxshott, and where MARCHWOOD lies on this distribution: 41% of detached houses are smaller than MARCHWOOD, and 58% of houses are larger. Note that EPC data is not available for all properties in Oxshott.

MARCHWOOD: Plot and Title Map

MARCHWOOD sits on a plot of roughly 1.3 acres, or 5,078m². The below map shows the location of MARCHWOOD, 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 MARCHWOOD). 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 MARCHWOOD?

MARCHWOOD is located on FAIROAK LANE in OXSHOTT, in the KT22 postcode district. The below map shows the position of MARCHWOOD on FAIROAK LANE.