8, FIELD CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6TX - £605,000

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.

8 FIELD CLOSE is a large detached house of 130m², built sometime between 1991 and 1995, which could now be worth an estimated £590,938. It was last sold for £605,000 in May 2023, which was around 8% above the average May 2023 detached price in the Fareham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

8 FIELD CLOSE Sold Prices

Land registry data shows three sales for 8 FIELD 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 8 FIELD CLOSE sales were for above 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
2023 11 MAY	£605,000	£558,932	8% above HPI
2010 3 SEP	£391,000	£328,466	19% above HPI
1998 24 APR	£149,950	£129,174	16% above HPI

8 FIELD 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 8 FIELD CLOSE sales between April 1998 and May 2023 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 2010 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2023 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 8 FIELD CLOSE be worth now?

8 FIELD CLOSE might now be worth an estimated £590,938.

This is based on house price deflation of 2.3%, between May 2023 and April 2026, 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 2.3% deflationary decrease is applied to the most recent sale price for 8 FIELD CLOSE of £605,000 on 11th May 2023. For the value to have decreased from £605,000 to £590,938 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 8 FIELD CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The May 2023 sale price of £605,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FIELD CLOSE has not materially changed since May 2023.

How Large is 8 FIELD CLOSE?

8 FIELD CLOSE is 130m² according to the EPC inspection conducted in August 2022. This puts it in the largest 40% 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 8 FIELD CLOSE lies on this distribution: 66% of detached houses houses are smaller than 8 FIELD CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Locks Heath.

8 FIELD CLOSE: Plot and Title Map

8 FIELD CLOSE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 8 FIELD 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 8 FIELD 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 8 FIELD CLOSE?

8 FIELD CLOSE is located in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of No. 8 on FIELD CLOSE.