1, VELMEAD ROAD, FLEET, GU52 7JY - £340,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 VELMEAD ROAD is a midsized extended detached house of 128m², built sometime between 1967 and 1975. It was last sold for £340,000 in January 2014, which was around 30% below the average January 2014 detached price in the Hart local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

1 VELMEAD ROAD Sold Prices

Land registry data shows three sales for 1 VELMEAD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hart local authority area for the corresponding sale date. All of the three 1 VELMEAD ROAD 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
2014 15 JAN	£340,000	£486,137	30% below HPI
2007 22 JUN	£320,000	£417,649	23% below HPI
2004 17 DEC	£265,000	£362,545	27% below HPI

1 VELMEAD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hart local authority area over time, sourced from the HPI. The three 1 VELMEAD ROAD sales between December 2004 and January 2014 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 June 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 VELMEAD ROAD?

1 VELMEAD ROAD is 128m², which includes three extensions, according to the EPC inspection conducted in February 2018. This puts it in the smallest 50% of detached houses in Fleet, based on EPC data. The below chart shows the distribution of detached houses by size in Fleet, and where 1 VELMEAD ROAD lies on this distribution: 46% of detached houses are smaller than 1 VELMEAD ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Fleet.

1 VELMEAD ROAD: Plot and Title Map

1 VELMEAD ROAD sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 1 VELMEAD ROAD, 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 VELMEAD ROAD). 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 VELMEAD ROAD?

1 VELMEAD ROAD is located in FLEET, in the GU52 postcode district. The below map shows the position of No. 1 on VELMEAD ROAD.