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Locks Heath House Prices

The average house price in Locks Heath is £429,310 using HM Land Registry data.

The average property price increased by £66,873 (18.03%) over the last 5 years and increased by £13,399 (3.16%) over the last 12 months.

Over the last year, there were 400 residential property sales – a decrease of 171 transactions (-42.75%) relative to the previous year. The majority of house sales (95) were in the £294,000 - £378,000 range. Then came properties in the £378,000 - £462,000 range, where 75 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,151 (-2%).

In Dec 24, there were 63 new estate agency instructions, 36 agreed home sales and 31 property price reductions.

5-Year Average Property Prices in Locks Heath

18.03%

Property prices in Locks Heath increased by 18.03% 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

3.16%

Property prices in Locks Heath increased by 3.16% 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 - Dec 24

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
3 Coracle Close, Warsash, Southampton, Hampshire, SO31 9AT	£255,000	£250,000	-£5,000	26 Jun 2024	19 Nov 2024	146 Days
15 James Grieve Avenue, Locks Heath, Southampton, Hampshire, SO31 6UB	£480,000	£475,000	-£5,000	27 Jun 2024	14 Nov 2024	140 Days
14 Kelsey Close, Fareham, Hampshire, PO14 4NW	£400,000	£400,000	£00	22 May 2024	01 Nov 2024	163 Days
77 Warsash Road, Warsash, Southampton, Hampshire, SO31 9HU	£450,000	£445,000	-£5,000	20 Jun 2024	30 Oct 2024	132 Days
80 Badgers Copse, Park Gate, Southampton, Hampshire, SO31 1DU	£325,000	£325,000	£00	28 Oct 2024	28 Oct 2024	0 Days
37 Painswick Close, Sarisbury Green, Southampton, Hampshire, SO31 7EQ	£425,000	£411,000	-£14,000	05 Jan 2024	22 Aug 2024	230 Days
211 Barnes Lane, Sarisbury Green, Southampton, Hampshire, SO31 7BH	£725,000	£690,000	-£35,000	28 Sep 2023	21 Aug 2024	328 Days
53 Pound Gate Drive, Fareham, Hampshire, PO14 4AT	£550,000	£535,000	-£15,000	28 Mar 2024	21 Aug 2024	146 Days
100 Warsash Road, Warsash, Southampton, Hampshire, SO31 9JA	£475,000	£455,000	-£20,000	14 Mar 2024	16 Aug 2024	155 Days
26 Laurel Gardens, Locks Heath, Southampton, Hampshire, SO31 6QH	£580,000	£560,000	-£20,000	13 Jun 2023	09 Aug 2024	423 Days
2 Grovebury, Locks Heath, Southampton, Hampshire, SO31 6PL	£850,000	£810,000	-£40,000	14 Dec 2022	09 Aug 2024	604 Days
15 Catamaran Close, Warsash, Southampton, Hampshire, SO31 9AS	£475,000	£450,000	-£25,000	03 Apr 2024	02 Aug 2024	121 Days
44 Laurel Gardens, Locks Heath, Southampton, Hampshire, SO31 6QH	£450,000	£442,000	-£8,000	25 Apr 2024	02 Aug 2024	99 Days
42 Ascot Close, Fareham, Hampshire, PO14 4RN	£210,000	£198,500	-£11,500	20 Sep 2023	25 Jul 2024	309 Days
30 Pitchpond Road, Warsash, Southampton, Hampshire, SO31 9GP	£525,000	£490,000	-£35,000	27 Mar 2024	19 Jul 2024	114 Days
209 Locks Road, Locks Heath, Southampton, Hampshire, SO31 6LD	£450,000	£410,000	-£40,000	18 Dec 2023	19 Jul 2024	214 Days
113 Segensworth Road, Titchfield, Fareham, Hampshire, PO15 5EB	£425,000	£417,000	-£8,000	09 Feb 2024	19 Jul 2024	161 Days
14 Tulip Gardens, Locks Heath, Southampton, Hampshire, SO31 6GB	£520,000	£500,000	-£20,000	12 Feb 2024	17 Jul 2024	156 Days
344 Brook Lane, Sarisbury Green, Southampton, Hampshire, SO31 7DP	£525,000	£515,000	-£10,000	30 Apr 2024	12 Jul 2024	73 Days
16 Heath Road North, Locks Heath, Southampton, Hampshire, SO31 7PL	£375,000	£365,000	-£10,000	22 Mar 2024	12 Jul 2024	112 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 9HN	Brook Avenue	Warsash	£1,290,000	4
SO31 9FJ	Thornton Avenue	Warsash	£1,271,250	4
SO31 7DF	Green Lane	Lower Swanwick	£1,265,000	4
SO31 7AF	Holly Hill Lane	Sarisbury Green	£1,067,500	4
SO31 7AD	Holly Hill Lane	Sarisbury Green	£998,333	6
SO31 9HJ	Fleet End Road	Warsash	£958,333	3
PO14 4FD	Barn Close	Fareham	£923,333	3
SO31 7AB	Holly Hill Lane	Sarisbury Green	£817,333	3

Least Expensive Streets in Locks Heath

Postcode	Street	Area	Average	No. of Sales
SO31 6AZ	Hunts Pond Road	Park Gate	£73,624	16
SO31 9AG	Cherry Tree Court	Havelock Road	£102,291	6
PO14 4JF	Hewett House	Hewett Close	£105,833	3
SO31 6TJ	Saffron Court	Yarrow Way	£133,250	4
SO31 1AY	Botley Road	Park Gate	£134,000	3
SO31 7HR	Station Road	Park Gate	£141,666	12
PO15 5FD	Clarendon House	Park Cottage Drive	£151,250	4
SO31 6AX	Old Common Gardens	Locks Heath	£151,481	27
PO14 4BJ	Southampton Hill	Fareham	£160,000	5
SO31 7FP	Dove Gardens	Park Gate	£163,842	13