2, MALCOLM CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6QZ - £505,000

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.

2 MALCOLM CLOSE is a midsized detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £594,359. It was last sold for £505,000 in December 2019, which was around 9% above the average December 2019 detached price in the Fareham local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was C.

2 MALCOLM CLOSE Sold Prices

Land registry data shows one sale for 2 MALCOLM CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Fareham local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 17 DEC	£505,000	£462,452	9% above HPI

What might 2 MALCOLM CLOSE be worth now?

2 MALCOLM CLOSE might now be worth an estimated £594,359.

This is based on house price inflation of 17.7%, between December 2019 and May 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 17.7% inflationary increase is applied to the most recent sale price for 2 MALCOLM CLOSE of £505,000 on 17th December 2019. For the value to have increased from £505,000 to £594,359 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 MALCOLM CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The December 2019 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MALCOLM CLOSE has not materially changed since December 2019.

How Large is 2 MALCOLM CLOSE?

2 MALCOLM CLOSE is 122m² according to the EPC inspection conducted in September 2018. This puts it in the largest 50% of detached houses in Locks Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Locks Heath, and where 2 MALCOLM CLOSE lies on this distribution: 58% of detached houses are smaller than 2 MALCOLM CLOSE, and 41% of detached houses are larger. Note that EPC data is not available for all properties in Locks Heath.

2 MALCOLM CLOSE: Plot

2 MALCOLM CLOSE sits on a plot of roughly 0.142 of an acre, or 574m².

Where is 2 MALCOLM CLOSE?

2 MALCOLM CLOSE is located in LOCKS HEATH, in the SO31 postcode district.