16, GRAY CLOSE, WARSASH, SOUTHAMPTON, SO31 9TB - £585,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 GRAY CLOSE is a large detached house of 167m², built sometime between 1976 and 1982, which could now be worth an estimated £549,860. It was last sold for £585,000 in August 2022, which was around 2% above the average August 2022 detached price in the Fareham 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.

16 GRAY CLOSE Sold Prices

Land registry data shows three sales for 16 GRAY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 16 GRAY 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
2022 2 AUG	£585,000	£573,709	2% above HPI
2017 24 NOV	£479,950	£454,844	6% above HPI
2001 18 OCT	£220,000	£208,751	5% above HPI

16 GRAY 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 three 16 GRAY CLOSE sales between October 2001 and August 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 November 2017 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2022 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 16 GRAY CLOSE be worth now?

16 GRAY CLOSE might now be worth an estimated £549,860.

This is based on house price deflation of 6%, between August 2022 and June 2025, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% deflationary decrease is applied to the most recent sale price for 16 GRAY CLOSE of £585,000 on 2nd August 2022. For the value to have decreased from £585,000 to £549,860 over the three years and two months to June 2025, the following assumptions must hold true:

• The value of 16 GRAY CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2022 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GRAY CLOSE has not materially changed since August 2022.

How Large is 16 GRAY CLOSE?

16 GRAY CLOSE is 167m² according to the EPC inspection conducted in March 2023. This puts it in the largest 30% of detached houses houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warsash, and where 16 GRAY CLOSE lies on this distribution: 79% of detached houses houses are smaller than 16 GRAY CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Warsash.

16 GRAY CLOSE: Plot and Title Map

16 GRAY CLOSE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 16 GRAY 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 16 GRAY 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 16 GRAY CLOSE?

16 GRAY CLOSE is located in WARSASH, in the SO31 postcode district. The below map shows the position of No. 16 on GRAY CLOSE.