3, LANCASTER CLOSE, BURSLEDON, SOUTHAMPTON, SO31 8GT - £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 LANCASTER CLOSE is a very small extended semi-detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £340,530. It was last sold for £285,000 in December 2017, which was around 1% above the average December 2017 semi-detached price in the Eastleigh local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was D.

3 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 3 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Eastleigh local authority area for the corresponding sale date. One of the two 3 LANCASTER CLOSE sales was for above the average price, whilst the other was 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
2017 6 DEC	£285,000	£281,963	1% above HPI
2012 6 SEP	£185,000	£205,177	10% below HPI

3 LANCASTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Eastleigh local authority area over time, sourced from the HPI. The two 3 LANCASTER CLOSE sales from September 2012 and December 2017 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 September 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 LANCASTER CLOSE be worth now?

3 LANCASTER CLOSE might now be worth an estimated £340,530.

This is based on house price inflation of 19.5%, between December 2017 and May 2026, for semi-detached houses, in the Eastleigh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.5% inflationary increase is applied to the most recent sale price for 3 LANCASTER CLOSE of £285,000 on 6th December 2017. For the value to have increased from £285,000 to £340,530 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 3 LANCASTER CLOSE has moved in line with the HPI for semi-detached houses in the Eastleigh local authority area.
• The December 2017 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LANCASTER CLOSE has not materially changed since December 2017.

How Large is 3 LANCASTER CLOSE?

3 LANCASTER CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of semi-detached houses houses in Lowford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lowford, and where 3 LANCASTER CLOSE lies on this distribution: 20% of semi-detached houses houses are smaller than 3 LANCASTER CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Lowford.

3 LANCASTER CLOSE: Plot and Title Map

3 LANCASTER CLOSE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 3 LANCASTER 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 LANCASTER 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 LANCASTER CLOSE?

3 LANCASTER CLOSE is located in BURSLEDON, in the SO31 postcode district. The below map shows the position of No. 3 on LANCASTER CLOSE.