31, PENNYCRESS, LOCKS HEATH, SOUTHAMPTON, SO31 6SY - £325,000

31 PENNYCRESS is a small extended detached house of 90m², built sometime between 1983 and 1990. It was last sold for £325,000 in April 2019, which was around 29% below the average April 2019 detached price in the Fareham local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

31 PENNYCRESS Sold Prices

Land registry data shows four sales for 31 PENNYCRESS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the four 31 PENNYCRESS 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
2019 12 APR	£325,000	£458,953	29% below HPI
2015 19 OCT	£292,500	£391,370	25% below HPI
2002 19 APR	£129,950	£212,246	39% below HPI
1999 4 MAY	£94,000	£133,075	29% below HPI

31 PENNYCRESS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fareham local authority area over time, sourced from the HPI. The four 31 PENNYCRESS sales between May 1999 and April 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 October 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 31 PENNYCRESS?

31 PENNYCRESS is 90m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% of detached houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses by size in Warsash, and where 31 PENNYCRESS lies on this distribution: 20% of detached houses are smaller than 31 PENNYCRESS, and 79% of houses are larger. Note that EPC data is not available for all properties in Warsash.

31 PENNYCRESS: Plot and Title Map

31 PENNYCRESS sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 31 PENNYCRESS, 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 31 PENNYCRESS). 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 31 PENNYCRESS?

31 PENNYCRESS is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 31 on PENNYCRESS.