6, ELDER CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4SN - £284,000

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.

6 ELDER CLOSE is a very large extended detached house of 198m², built sometime between 1983 and 1990, which could now be worth an estimated £443,497. It was last sold for £284,000 in May 2012, which was around 21% below the average May 2012 detached price in the New Forest local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

6 ELDER CLOSE Sold Prices

Land registry data shows two sales for 6 ELDER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two 6 ELDER 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
2012 18 MAY	£284,000	£359,976	21% below HPI
1999 18 JUN	£112,000	£151,033	26% below HPI

6 ELDER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The two 6 ELDER CLOSE sales from June 1999 and May 2012 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2012 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 6 ELDER CLOSE be worth now?

6 ELDER CLOSE might now be worth an estimated £443,497.

This is based on house price inflation of 56.2%, between May 2012 and April 2026, for detached 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 56.2% inflationary increase is applied to the most recent sale price for 6 ELDER CLOSE of £284,000 on 18th May 2012. For the value to have increased from £284,000 to £443,497 over the fourteen years and one month to April 2026, the following assumptions must hold true:

• The value of 6 ELDER CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The May 2012 sale price of £284,000 represented a fair market value for the property.
• The size, condition, and specification of 6 ELDER CLOSE has not materially changed since May 2012.

How Large is 6 ELDER CLOSE?

6 ELDER CLOSE is 198m², which includes two extensions, according to the EPC inspection conducted in November 2011. This puts it in the largest 10% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 6 ELDER CLOSE lies on this distribution: 97% of detached houses houses are smaller than 6 ELDER CLOSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

6 ELDER CLOSE: Plot and Title Map

6 ELDER CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 6 ELDER 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 6 ELDER 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 6 ELDER CLOSE?

6 ELDER CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 6 on ELDER CLOSE.