7, SNOWDROP CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6HB - £296,000

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 SNOWDROP CLOSE is a detached house, which could now be worth an estimated £517,284. It was last sold for £296,000 in March 2007, which was around 5% below the average March 2007 detached price in the Fareham local authority area.

7 SNOWDROP CLOSE Sold Prices

Land registry data shows four sales for 7 SNOWDROP CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Fareham local authority area for the corresponding sale date. The four 7 SNOWDROP CLOSE sales were a mix of below the average price, and roughly equal to 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
2007 22 MAR	£296,000	£311,449	5% below HPI
2005 27 MAY	£250,000	£282,945	12% below HPI
2002 12 JUL	£215,000	£227,698	6% below HPI
2000 28 JUL	£170,000	£170,584	Close to HPI

What might 7 SNOWDROP CLOSE be worth now?

7 SNOWDROP CLOSE might now be worth an estimated £517,284.

This is based on house price inflation of 74.8%, between March 2007 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 74.8% inflationary increase is applied to the most recent sale price for 7 SNOWDROP CLOSE of £296,000 on 22nd March 2007. For the value to have increased from £296,000 to £517,284 over the eighteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 SNOWDROP CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The March 2007 sale price of £296,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SNOWDROP CLOSE has not materially changed since March 2007.

Where is 7 SNOWDROP CLOSE?

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