11, OLD MAGAZINE CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4SD - £295,000

11 OLD MAGAZINE CLOSE is a very small extended detached house of 80m², built sometime before 1900. It was last sold for £295,000 in December 2020, which was around 42% below the average December 2020 detached price in the New Forest local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was C.

11 OLD MAGAZINE CLOSE Sold Prices

Land registry data shows two sales for 11 OLD MAGAZINE 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 New Forest local authority area for the corresponding sale date. Both of the two 11 OLD MAGAZINE 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
2020 1 DEC	£295,000	£507,804	42% below HPI
2008 4 SEP	£170,000	£331,481	49% below HPI

11 OLD MAGAZINE 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 two 11 OLD MAGAZINE CLOSE sales from September 2008 and December 2020 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 September 2008 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the December 2020 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 11 OLD MAGAZINE CLOSE?

11 OLD MAGAZINE CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 11 OLD MAGAZINE CLOSE lies on this distribution: 12% of detached houses are smaller than 11 OLD MAGAZINE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

11 OLD MAGAZINE CLOSE: Plot and Title Map

11 OLD MAGAZINE CLOSE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of 11 OLD MAGAZINE 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 11 OLD MAGAZINE 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 11 OLD MAGAZINE CLOSE?

11 OLD MAGAZINE CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 11 on OLD MAGAZINE CLOSE.