4, EXETER CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6PX - £400,000

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.

4 EXETER CLOSE is a very small detached house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £425,907. It was last sold for £400,000 in September 2021, which was around 23% below the average September 2021 detached price in the Fareham local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

4 EXETER CLOSE Sold Prices

Land registry data shows three sales for 4 EXETER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. All of the three 4 EXETER CLOSE 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
2021 28 SEP	£400,000	£516,269	23% below HPI
2016 24 NOV	£280,000	£426,422	34% below HPI
2016 26 AUG	£265,000	£424,805	38% below HPI

4 EXETER CLOSE 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 three 4 EXETER CLOSE sales between August 2016 and September 2021 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 November 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 4 EXETER CLOSE be worth now?

4 EXETER CLOSE might now be worth an estimated £425,907.

This is based on house price inflation of 6.5%, between September 2021 and March 2025, for detached houses, in the Fareham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.5% inflationary increase is applied to the most recent sale price for 4 EXETER CLOSE of £400,000 on 28th September 2021. For the value to have increased from £400,000 to £425,907 over the four years and six months to March 2025, the following assumptions must hold true:

• The value of 4 EXETER CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The September 2021 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 4 EXETER CLOSE has not materially changed since September 2021.

How Large is 4 EXETER CLOSE?

4 EXETER CLOSE is 68m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% of detached houses houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Locks Heath, and where 4 EXETER CLOSE lies on this distribution: 2% of detached houses houses are smaller than 4 EXETER CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

4 EXETER CLOSE: Plot and Title Map

4 EXETER CLOSE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 4 EXETER 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 4 EXETER 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 4 EXETER CLOSE?

4 EXETER CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 4 on EXETER CLOSE.