FERNLEA, TURKEY ISLAND, SHEDFIELD, SOUTHAMPTON, SO32 2JE - £585,000

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.

FERNLEA is a midsized detached house of 132m², built sometime between 1983 and 1990, which could now be worth an estimated £707,399. It was last sold for £585,000 in June 2016, which was around 5% below the average June 2016 detached price in the Winchester local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

FERNLEA Sold Prices

Land registry data shows two sales for FERNLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. One of the two FERNLEA sales was for below the average price, whilst the other was 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
2016 6 JUN	£585,000	£615,099	5% below HPI
2011 11 NOV	£510,000	£482,508	6% above HPI

FERNLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The two FERNLEA sales from November 2011 and June 2016 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 2011 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might FERNLEA be worth now?

FERNLEA might now be worth an estimated £707,399.

This is based on house price inflation of 20.9%, between June 2016 and June 2025, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.9% inflationary increase is applied to the most recent sale price for FERNLEA of £585,000 on 6th June 2016. For the value to have increased from £585,000 to £707,399 over the nine years to June 2025, the following assumptions must hold true:

• The value of FERNLEA has moved in line with the HPI for detached houses in the Winchester local authority area.
• The June 2016 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA has not materially changed since June 2016.

How Large is FERNLEA?

FERNLEA is 132m² according to the EPC inspection conducted in April 2011. This puts it in the largest 50% of detached houses houses in Shedfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shedfield, and where FERNLEA lies on this distribution: 51% of detached houses houses are smaller than FERNLEA, and 49% of houses are larger. Note that EPC data is not available for all properties in Shedfield.

FERNLEA: Plot and Title Map

FERNLEA sits on a plot of roughly 0.203 of an acre, or 822m². The below map shows the location of FERNLEA, 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 FERNLEA). 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 FERNLEA?

FERNLEA is located on TURKEY ISLAND in SHEDFIELD, in the SO32 postcode district. The below map shows the position of FERNLEA on TURKEY ISLAND.