2, MARKEN CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6GG - £495,000

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 MARKEN CLOSE is a midsized extended detached house of 131m², built sometime between 1991 and 1995, which could now be worth an estimated £589,488. It was last sold for £495,000 in August 2019, which was around 8% above the average August 2019 detached price in the Fareham local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

2 MARKEN CLOSE Sold Prices

Land registry data shows one sale for 2 MARKEN 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 1 AUG	£495,000	£457,040	8% above HPI

What might 2 MARKEN CLOSE be worth now?

2 MARKEN CLOSE might now be worth an estimated £589,488.

This is based on house price inflation of 19.1%, between August 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 19.1% inflationary increase is applied to the most recent sale price for 2 MARKEN CLOSE of £495,000 on 1st August 2019. For the value to have increased from £495,000 to £589,488 over the seven years and three months to May 2026, the following assumptions must hold true:

• The value of 2 MARKEN CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The August 2019 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARKEN CLOSE has not materially changed since August 2019.

How Large is 2 MARKEN CLOSE?

2 MARKEN CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 50% of detached houses in Warsash, based on EPC data. The below chart shows the distribution of detached houses by size in Warsash, and where 2 MARKEN CLOSE lies on this distribution: 57% of detached houses are smaller than 2 MARKEN CLOSE, and 42% of detached houses are larger. Note that EPC data is not available for all properties in Warsash.

2 MARKEN CLOSE: Plot

2 MARKEN CLOSE sits on a plot of roughly 0.147 of an acre, or 594m².

Where is 2 MARKEN CLOSE?

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