8, SHEPHERDS PURSE CLOSE, LOCKS HEATH, SOUTHAMPTON, SO31 6DF - £280,000

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 SHEPHERDS PURSE CLOSE is a midsized detached house of 113m², built sometime between 1991 and 1995, which could now be worth an estimated £467,223. It was last sold for £280,000 in July 2012, which was around 14% below the average July 2012 detached price in the Fareham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

8 SHEPHERDS PURSE CLOSE Sold Prices

Land registry data shows one sale for 8 SHEPHERDS PURSE 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
2012 25 JUL	£280,000	£326,180	14% below HPI

What might 8 SHEPHERDS PURSE CLOSE be worth now?

8 SHEPHERDS PURSE CLOSE might now be worth an estimated £467,223.

This is based on house price inflation of 66.9%, between July 2012 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 66.9% inflationary increase is applied to the most recent sale price for 8 SHEPHERDS PURSE CLOSE of £280,000 on 25th July 2012. For the value to have increased from £280,000 to £467,223 over the fourteen years and two months to May 2026, the following assumptions must hold true:

• The value of 8 SHEPHERDS PURSE CLOSE has moved in line with the HPI for detached houses in the Fareham local authority area.
• The July 2012 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SHEPHERDS PURSE CLOSE has not materially changed since July 2012.

How Large is 8 SHEPHERDS PURSE CLOSE?

8 SHEPHERDS PURSE CLOSE is 113m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 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 8 SHEPHERDS PURSE CLOSE lies on this distribution: 41% of detached houses are smaller than 8 SHEPHERDS PURSE CLOSE, and 58% of detached houses are larger. Note that EPC data is not available for all properties in Warsash.

8 SHEPHERDS PURSE CLOSE: Plot

8 SHEPHERDS PURSE CLOSE sits on a plot of roughly 0.083 of an acre, or 336m².

Where is 8 SHEPHERDS PURSE CLOSE?

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