3, BARGAIN CLOSE, NURSLING, SOUTHAMPTON, SO16 0AX - £285,000

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.

3 BARGAIN CLOSE is a small terraced house of 90m², built in 2016, which could now be worth an estimated £348,304. It was last sold for £285,000 in May 2019, which was around 23% above the average May 2019 terraced price in the Test Valley local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

3 BARGAIN CLOSE Sold Prices

Land registry data shows two sales for 3 BARGAIN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Test Valley local authority area for the corresponding sale date. Both of the two 3 BARGAIN 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
2019 17 MAY	£285,000	£232,559	23% above HPI
2018 16 FEB	£315,000	£230,368	37% above HPI

3 BARGAIN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Test Valley local authority area over time, sourced from the HPI. The two 3 BARGAIN CLOSE sales from February 2018 and May 2019 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 February 2018 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2019 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 3 BARGAIN CLOSE be worth now?

3 BARGAIN CLOSE might now be worth an estimated £348,304.

This is based on house price inflation of 22.2%, between May 2019 and May 2026, for terraced houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.2% inflationary increase is applied to the most recent sale price for 3 BARGAIN CLOSE of £285,000 on 17th May 2019. For the value to have increased from £285,000 to £348,304 over the seven years to May 2026, the following assumptions must hold true:

• The value of 3 BARGAIN CLOSE has moved in line with the HPI for terraced houses in the Test Valley local authority area.
• The May 2019 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BARGAIN CLOSE has not materially changed since May 2019.

How Large is 3 BARGAIN CLOSE?

3 BARGAIN CLOSE is 90m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 30% of terraced houses houses in Nursling, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nursling, and where 3 BARGAIN CLOSE lies on this distribution: 27% of terraced houses houses are smaller than 3 BARGAIN CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Nursling.

3 BARGAIN CLOSE: Plot and Title Map

3 BARGAIN CLOSE sits on a plot of roughly 0.046 of an acre, or 188m². The below map shows the location of 3 BARGAIN 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 3 BARGAIN 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 3 BARGAIN CLOSE?

3 BARGAIN CLOSE is located in NURSLING, in the SO16 postcode district. The below map shows the position of No. 3 on BARGAIN CLOSE.