1, BUDDS LANE, ROMSEY, SO51 0HA - £175,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BUDDS LANE is a small detached house of 96m², built sometime between 1950 and 1966. It was last sold for £175,000 in July 2002, which was around 31% below the average July 2002 detached price in the Test Valley local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

1 BUDDS LANE Sold Prices

Land registry data shows two sales for 1 BUDDS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. Both of the two 1 BUDDS LANE sales were for below 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
2002 19 JUL	£175,000	£253,876	31% below HPI
1998 30 APR	£93,238	£145,341	36% below HPI

1 BUDDS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The two 1 BUDDS LANE sales from April 1998 and July 2002 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 1998 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2002 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 1 BUDDS LANE?

1 BUDDS LANE is 96m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% of detached houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses by size in Romsey, and where 1 BUDDS LANE lies on this distribution: 23% of detached houses are smaller than 1 BUDDS LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Romsey.

1 BUDDS LANE: Plot and Title Map

1 BUDDS LANE sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of 1 BUDDS LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 BUDDS LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 BUDDS LANE?

1 BUDDS LANE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 1 on BUDDS LANE.