7, WAVECREST CLOSE, MARCHWOOD, SOUTHAMPTON, SO40 4AT - £465,000

7 WAVECREST CLOSE is a midsized detached house of 112m², built sometime between 1996 and 2002. It was last sold for £465,000 in November 2021, which was around 15% below the average November 2021 detached price in the New Forest local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

7 WAVECREST CLOSE Sold Prices

Land registry data shows two sales for 7 WAVECREST 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 7 WAVECREST 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 26 NOV	£465,000	£548,651	15% below HPI
2001 24 JAN	£173,000	£189,541	9% below HPI

7 WAVECREST 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 7 WAVECREST CLOSE sales from January 2001 and November 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 January 2001 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 WAVECREST CLOSE?

7 WAVECREST CLOSE is 112m² according to the EPC inspection conducted in October 2021. This puts it in the largest 50% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 7 WAVECREST CLOSE lies on this distribution: 57% of detached houses are smaller than 7 WAVECREST CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

7 WAVECREST CLOSE: Plot and Title Map

7 WAVECREST CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 7 WAVECREST 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 7 WAVECREST 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 7 WAVECREST CLOSE?

7 WAVECREST CLOSE is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 7 on WAVECREST CLOSE.