2, REED DRIVE, MARCHWOOD, SOUTHAMPTON, SO40 4YG - £250,000

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 REED DRIVE is a midsized terraced house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £450,434. It was last sold for £250,000 in July 2005, which was around 50% above the average July 2005 terraced price in the New Forest local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

2 REED DRIVE Sold Prices

Land registry data shows two sales for 2 REED DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the New Forest local authority area for the corresponding sale date. Both of the two 2 REED DRIVE 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
2005 15 JUL	£250,000	£166,883	50% above HPI
1996 26 JUN	£104,150	£52,341	99% above HPI

2 REED DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the New Forest local authority area over time, sourced from the HPI. The two 2 REED DRIVE sales from June 1996 and July 2005 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 1996 sale was for 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the July 2005 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 2 REED DRIVE be worth now?

2 REED DRIVE might now be worth an estimated £450,434.

This is based on house price inflation of 80.2%, between July 2005 and July 2025, for terraced 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 80.2% inflationary increase is applied to the most recent sale price for 2 REED DRIVE of £250,000 on 15th July 2005. For the value to have increased from £250,000 to £450,434 over the twenty years to July 2025, the following assumptions must hold true:

• The value of 2 REED DRIVE has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The July 2005 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REED DRIVE has not materially changed since July 2005.

How Large is 2 REED DRIVE?

2 REED DRIVE is 103m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 50% of terraced houses houses in Marchwood, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Marchwood, and where 2 REED DRIVE lies on this distribution: 43% of terraced houses houses are smaller than 2 REED DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

2 REED DRIVE: Plot and Title Map

2 REED DRIVE sits on a plot of roughly 0.161 of an acre, or 653m². The below map shows the location of 2 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 2 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 2 REED DRIVE?

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