15, REED DRIVE, MARCHWOOD, SOUTHAMPTON, SO40 4YF - £347,000

15 REED DRIVE is a very small extended detached house of 75m², built sometime between 1991 and 1995. It was last sold for £347,000 in March 2022, which was around 40% below the average March 2022 detached price in the New Forest local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

15 REED DRIVE Sold Prices

Land registry data shows three sales for 15 REED DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 15 REED DRIVE 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
2022 21 MAR	£347,000	£582,579	40% below HPI
2001 23 JUL	£119,000	£204,033	42% below HPI
1998 6 NOV	£82,500	£141,037	42% below HPI

15 REED DRIVE 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 three 15 REED DRIVE sales between November 1998 and March 2022 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 July 2001 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 15 REED DRIVE?

15 REED DRIVE is 75m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 15 REED DRIVE lies on this distribution: 6% of detached houses are smaller than 15 REED DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

15 REED DRIVE: Plot and Title Map

15 REED DRIVE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 15 REED DRIVE, 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 15 REED DRIVE). 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 15 REED DRIVE?

15 REED DRIVE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 15 on REED DRIVE.