LAKEWOOD, LOCKSWOOD ROAD, LOCKS HEATH, SOUTHAMPTON, SO31 6GD - £481,500

LAKEWOOD is a large detached house of 148m², built sometime between 1991 and 1995. It was last sold for £481,500 in October 2019, which was around 7% above the average October 2019 detached price in the Fareham local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

LAKEWOOD Sold Prices

Land registry data shows two sales for LAKEWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. Both of the two LAKEWOOD 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
2019 31 OCT	£481,500	£449,215	7% above HPI
2016 19 AUG	£433,750	£420,886	3% above HPI

LAKEWOOD 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 two LAKEWOOD sales from August 2016 and October 2019 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 August 2016 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2019 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is LAKEWOOD?

LAKEWOOD is 148m² according to the EPC inspection conducted in August 2014. This puts it in the largest 30% of detached houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses by size in Warsash, and where LAKEWOOD lies on this distribution: 70% of detached houses are smaller than LAKEWOOD, and 29% of houses are larger. Note that EPC data is not available for all properties in Warsash.

LAKEWOOD: Plot and Title Map

LAKEWOOD sits on a plot of roughly 0.243 of an acre, or 985m². The below map shows the location of LAKEWOOD, 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 LAKEWOOD). 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 LAKEWOOD?

LAKEWOOD is located on LOCKSWOOD ROAD in LOCKS HEATH, in the SO31 postcode district. The below map shows the position of LAKEWOOD on LOCKSWOOD ROAD.