2, CHAFFINCH CLOSE, TOTTON, SOUTHAMPTON, SO40 8UQ - £320,000

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.

2 CHAFFINCH CLOSE is a small extended detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £367,056. It was last sold for £320,000 in March 2018, which was around 37% below the average March 2018 detached price in the New Forest local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

2 CHAFFINCH CLOSE Sold Prices

Land registry data shows three sales for 2 CHAFFINCH 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 New Forest local authority area for the corresponding sale date. All of the three 2 CHAFFINCH 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
2018 9 MAR	£320,000	£507,781	37% below HPI
2007 29 JUN	£229,000	£360,109	36% below HPI
2000 2 JUN	£127,000	£183,593	31% below HPI

2 CHAFFINCH 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 three 2 CHAFFINCH CLOSE sales between June 2000 and March 2018 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 June 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 CHAFFINCH CLOSE be worth now?

2 CHAFFINCH CLOSE might now be worth an estimated £367,056.

This is based on house price inflation of 14.7%, between March 2018 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.7% inflationary increase is applied to the most recent sale price for 2 CHAFFINCH CLOSE of £320,000 on 9th March 2018. For the value to have increased from £320,000 to £367,056 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 2 CHAFFINCH CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The March 2018 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHAFFINCH CLOSE has not materially changed since March 2018.

How Large is 2 CHAFFINCH CLOSE?

2 CHAFFINCH CLOSE is 86m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 40% of detached houses houses in Totton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totton, and where 2 CHAFFINCH CLOSE lies on this distribution: 33% of detached houses houses are smaller than 2 CHAFFINCH CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Totton.

2 CHAFFINCH CLOSE: Plot and Title Map

2 CHAFFINCH CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 CHAFFINCH 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 2 CHAFFINCH 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 2 CHAFFINCH CLOSE?

2 CHAFFINCH CLOSE is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 2 on CHAFFINCH CLOSE.