8, ELDER CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6SB - £165,000

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.

8 ELDER CLOSE is a small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £265,242. It was last sold for £165,000 in April 2014, which was around 4% below the average April 2014 terraced price in the Fareham local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

8 ELDER CLOSE Sold Prices

Land registry data shows one sale for 8 ELDER 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
2014 16 APR	£165,000	£172,551	4% below HPI

What might 8 ELDER CLOSE be worth now?

8 ELDER CLOSE might now be worth an estimated £265,242.

This is based on house price inflation of 60.8%, between April 2014 and April 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 60.8% inflationary increase is applied to the most recent sale price for 8 ELDER CLOSE of £165,000 on 16th April 2014. For the value to have increased from £165,000 to £265,242 over the twelve years to April 2026, the following assumptions must hold true:

• The value of 8 ELDER CLOSE has moved in line with the HPI for terraced houses in the Fareham local authority area.
• The April 2014 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ELDER CLOSE has not materially changed since April 2014.

How Large is 8 ELDER CLOSE?

8 ELDER CLOSE is 61m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 40% of terraced houses in Warsash, based on EPC data. The below chart shows the distribution of terraced houses by size in Warsash, and where 8 ELDER CLOSE lies on this distribution: 39% of terraced houses are smaller than 8 ELDER CLOSE, and 60% of terraced houses are larger. Note that EPC data is not available for all properties in Warsash.

8 ELDER CLOSE: Plot

8 ELDER CLOSE sits on a plot of roughly 0.022 of an acre, or 91m².

Where is 8 ELDER CLOSE?

8 ELDER CLOSE is located in LOCKS HEATH, in the SO31 postcode district.