2, FARRELL FIELDS, MARCHWOOD, SOUTHAMPTON, SO40 4AY - £313,000

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 FARRELL FIELDS is a very small semi-detached house of 84m², built sometime between 2007 and 2011, which could now be worth an estimated £299,696. It was last sold for £313,000 in February 2022, which was around 17% below the average February 2022 semi-detached price in the New Forest local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

2 FARRELL FIELDS Sold Prices

Land registry data shows three sales for 2 FARRELL FIELDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the New Forest local authority area for the corresponding sale date. All of the three 2 FARRELL FIELDS 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 18 FEB	£313,000	£377,993	17% below HPI
2013 27 JUN	£210,000	£228,828	8% below HPI
2008 11 JUL	£209,995	£228,085	8% below HPI

2 FARRELL FIELDS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the New Forest local authority area over time, sourced from the HPI. The three 2 FARRELL FIELDS sales between July 2008 and February 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 June 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 FARRELL FIELDS be worth now?

2 FARRELL FIELDS might now be worth an estimated £299,696.

This is based on house price deflation of 4.3%, between February 2022 and May 2026, for semi-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 4.3% deflationary decrease is applied to the most recent sale price for 2 FARRELL FIELDS of £313,000 on 18th February 2022. For the value to have decreased from £313,000 to £299,696 over the three years and nine months to May 2026, the following assumptions must hold true:

• The value of 2 FARRELL FIELDS has moved in line with the HPI for semi-detached houses in the New Forest local authority area.
• The February 2022 sale price of £313,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARRELL FIELDS has not materially changed since February 2022.

How Large is 2 FARRELL FIELDS?

2 FARRELL FIELDS is 84m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of semi-detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Marchwood, and where 2 FARRELL FIELDS lies on this distribution: 17% of semi-detached houses houses are smaller than 2 FARRELL FIELDS, and 83% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

2 FARRELL FIELDS: Plot and Title Map

2 FARRELL FIELDS sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 2 FARRELL FIELDS, 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 FARRELL FIELDS). 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 FARRELL FIELDS?

2 FARRELL FIELDS is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 2 on FARRELL FIELDS.