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
15 TEST LANE is a small extended detached house of 87m², built sometime between 1950 and 1966. It was last sold for £285,000 in November 2020, which was around 22% below the average November 2020 detached price in the Southampton local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows two sales for 15 TEST LANE since 1st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southampton local authority area for the corresponding sale date. Both of the two 15 TEST 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 |
---|---|---|---|
2020 16 NOV | £285,000 | £365,857 | 22% below HPI |
2016 22 APR | £298,500 | £320,768 | 7% below HPI |
The below graph shows the average detached house price in the Southampton local authority area over time, sourced from the HPI. The two 15 TEST LANE sales from April 2016 and November 2020 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 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.
15 TEST LANE is 87m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 40% of detached houses in Southampton, based on EPC data. The below chart shows the distribution of detached houses by size in Southampton, and where 15 TEST LANE lies on this distribution: 31% of detached houses are smaller than 15 TEST LANE, and 68% of houses are larger. Note that EPC data is not available for all properties in Southampton.
15 TEST LANE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 15 TEST 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 15 TEST 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.
15 TEST LANE is located in SOUTHAMPTON, in the SO16 postcode district. The below map shows the position of No. 15 on TEST LANE.