7, RICHARDS CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6LN - £245,000

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.

7 RICHARDS CLOSE is a very large extended terraced house of 138m², built sometime between 1967 and 1975, which could now be worth an estimated £402,651. It was last sold for £245,000 in November 2013, which was around 45% above the average November 2013 terraced price in the Fareham local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

7 RICHARDS CLOSE Sold Prices

Land registry data shows one sale for 7 RICHARDS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2013 19 NOV	£245,000	£168,919	45% above HPI

What might 7 RICHARDS CLOSE be worth now?

7 RICHARDS CLOSE might now be worth an estimated £402,651.

This is based on house price inflation of 64.3%, between November 2013 and May 2026, for terraced 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 64.3% inflationary increase is applied to the most recent sale price for 7 RICHARDS CLOSE of £245,000 on 19th November 2013. For the value to have increased from £245,000 to £402,651 over the thirteen years and six months to May 2026, the following assumptions must hold true:

• The value of 7 RICHARDS CLOSE has moved in line with the HPI for terraced houses in the Fareham local authority area.
• The November 2013 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RICHARDS CLOSE has not materially changed since November 2013.

How Large is 7 RICHARDS CLOSE?

7 RICHARDS CLOSE is 138m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the largest 10% of terraced houses in Locks Heath, based on EPC data. The below chart shows the distribution of terraced houses by size in Locks Heath, and where 7 RICHARDS CLOSE lies on this distribution: 99% of terraced houses are smaller than 7 RICHARDS CLOSE, and 1% of terraced houses are larger. Note that EPC data is not available for all properties in Locks Heath.

7 RICHARDS CLOSE: Plot

7 RICHARDS CLOSE sits on a plot of roughly 0.063 of an acre, or 254m².

Where is 7 RICHARDS CLOSE?

7 RICHARDS CLOSE is located in LOCKS HEATH, in the SO31 postcode district.