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Locks Heath House Prices

The average house price in Locks Heath is £338,228 using HM Land Registry data.

The average property price increased by £85,531 (24.23%) over the last 5 years and increased by £17,094 (4.06%) over the last 12 months.

Over the last year, there were 407 residential property sales – a decrease of 195 transactions (-47.91%) relative to the previous year. The majority of house sales (97) were in the £362,000 - £448,000 range. Then came properties in the £276,000 - £362,000 range, where 87 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 101 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,109 (-2%).

In April 2024, there were 109 new estate agency instructions, 65 agreed home sales and 58 property price reductions.

5-Year Average Property Prices in Locks Heath

24.23%

Property prices in Locks Heath increased by 24.23% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Locks Heath Over the Last Year

4.06%

Property prices in Locks Heath increased by 4.06% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Locks Heath - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Locks Heath

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Locks Heath

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Locks Heath

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Locks Heath since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Locks Heath area since 1995.

Recent Property Sales in Locks Heath

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
5 Nightingale Mews, Locks Heath, Southampton, Hampshire, SO31 6GA	£775,000	£745,000	-£30,000	11 Sep 2023	15 Mar 2024	186 Days
18 Lower Swanwick Road, Swanwick, Southampton, Hampshire, SO31 7HH	£285,000	£276,000	-£9,000	05 Jun 2023	07 Mar 2024	276 Days
5 Parklands, Sarisbury Green, Southampton, Hampshire, SO31 7WR	£490,000	£482,500	-£7,500	30 Jun 2023	29 Feb 2024	244 Days
7 Sandy Lane, Fareham, Hampshire, PO14 4ER	£700,000	£684,000	-£16,000	05 Aug 2023	23 Feb 2024	202 Days
32 Ascot Close, Fareham, Hampshire, PO14 4RN	£260,000	£250,000	-£10,000	20 Sep 2023	12 Feb 2024	145 Days
6 Green Lane, Warsash, Southampton, Hampshire, SO31 9JJ	£700,000	£230,000	-£470,000	27 Apr 2018	05 Feb 2024	2110 Days
81 Peters Road, Locks Heath, Southampton, Hampshire, SO31 6EL	£325,000	£320,000	-£5,000	24 Aug 2023	31 Jan 2024	160 Days
25 Garstons Close, Titchfield, Fareham, Hampshire, PO14 4EW	£380,000	£380,000	£00	20 Sep 2023	26 Jan 2024	128 Days
23 Coach Hill, Fareham, Hampshire, PO14 4ES	£650,000	£640,000	-£10,000	22 Sep 2023	26 Jan 2024	126 Days
Flat 4, Sarisbury Gate, Dove Gardens, Park Gate, Southampton, Hampshire, SO31 7FP	£110,000	£110,000	£00	09 Sep 2023	22 Jan 2024	135 Days
9 Penhale Gardens, Fareham, Hampshire, PO14 4NN	£419,950	£412,000	-£7,950	09 Oct 2023	05 Jan 2024	88 Days
3 Exeter Close, Locks Heath, Southampton, Hampshire, SO31 6PX	£350,000	£311,760	-£38,240	22 Jul 2023	19 Dec 2023	150 Days
11 Stalybridge Close, Park Gate, Southampton, Hampshire, SO31 7FY	£270,000	£260,000	-£10,000	10 Jul 2023	18 Dec 2023	161 Days
33 Moorland Close, Locks Heath, Southampton, Hampshire, SO31 6WD	£350,000	£345,000	-£5,000	14 Sep 2023	15 Dec 2023	92 Days
14 Collingworth Rise, Park Gate, Southampton, Hampshire, SO31 1DA	£415,000	£405,000	-£10,000	20 Feb 2023	15 Dec 2023	298 Days
6 Garden Mews, Warsash, Southampton, Hampshire, SO31 9GW	£250,000	£247,500	-£2,500	17 Aug 2023	14 Dec 2023	119 Days
12 Hertsfield, Fareham, Hampshire, PO14 4SE	£285,000	£278,000	-£7,000	14 Sep 2023	14 Dec 2023	91 Days
24 James Grieve Avenue, Locks Heath, Southampton, Hampshire, SO31 6UD	£575,000	£540,000	-£35,000	20 Jul 2023	08 Dec 2023	141 Days
11 Hazel Grove, Locks Heath, Southampton, Hampshire, SO31 6SH	£610,000	£590,000	-£20,000	17 Jul 2023	08 Dec 2023	144 Days
51 Oaklands Way, Titchfield Common, Fareham, Hampshire, PO14 4LF	£400,000	£400,000	£00	29 Jun 2023	08 Dec 2023	162 Days

Most Expensive Streets in Locks Heath

Postcode	Street	Area	Average	No. of Sales
SO31 7AH	Holly Hill Lane	Sarisbury Green	£3,200,000	5
SO31 9EA	Cawtes Reach	Warsash	£1,696,666	3
SO31 9FJ	Thornton Avenue	Warsash	£1,271,250	4
SO31 7DF	Green Lane	Lower Swanwick	£1,253,333	3
SO31 7AF	Holly Hill Lane	Sarisbury Green	£1,066,666	3
SO31 7AD	Holly Hill Lane	Sarisbury Green	£998,333	6
SO31 9HJ	Fleet End Road	Warsash	£958,333	3
SO31 9HN	Brook Avenue	Warsash	£924,000	5
PO14 4FD	Barn Close	Fareham	£923,333	3
SO31 6PP	Danehurst Place	Locks Heath	£876,666	3

Least Expensive Streets in Locks Heath

Postcode	Street	Area	Average	No. of Sales
SO31 6AZ	Hunts Pond Road	Park Gate	£73,733	15
SO31 9AG	Cherry Tree Court	Havelock Road	£102,291	6
PO14 4JF	Hewett House	Hewett Close	£105,833	3
SO31 1AY	Botley Road	Park Gate	£134,000	3
SO31 6TJ	Saffron Court	Yarrow Way	£135,500	4
SO31 7HR	Station Road	Park Gate	£141,769	13
PO15 5FD	Clarendon House	Park Cottage Drive	£146,500	5
SO31 7FP	Dove Gardens	Park Gate	£149,495	12
SO31 6AX	Old Common Gardens	Locks Heath	£150,000	30
PO14 4BJ	Southampton Hill	Fareham	£155,000	4