16, OXLEASE CLOSE, ROMSEY, SO51 7HA - £850,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 OXLEASE CLOSE is a large detached house of 147m², built sometime between 1996 and 2002. It was last sold for £850,000 in November 2023, which was around 35% above the average November 2023 detached price in the Test Valley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was B.

16 OXLEASE CLOSE Sold Prices

Land registry data shows four sales for 16 OXLEASE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the four 16 OXLEASE CLOSE sales were for above 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
2023 30 NOV	£850,000	£630,608	35% above HPI
2017 20 APR	£609,000	£485,231	26% above HPI
2005 6 JUL	£382,500	£322,578	19% above HPI
1997 24 OCT	£169,950	£140,536	21% above HPI

16 OXLEASE CLOSE 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 four 16 OXLEASE CLOSE sales between October 1997 and November 2023 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 2017 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2023 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 16 OXLEASE CLOSE be worth now?

16 OXLEASE CLOSE might now be worth an estimated £822,853.

This is based on house price deflation of 3.2%, between November 2023 and December 2024, for detached houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.2% deflationary decrease is applied to the most recent sale price for 16 OXLEASE CLOSE of £850,000 on 30th November 2023. For the value to have decreased from £850,000 to £822,853 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 16 OXLEASE CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The November 2023 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of 16 OXLEASE CLOSE has not materially changed since November 2023.

How Large is 16 OXLEASE CLOSE?

16 OXLEASE CLOSE is 147m² according to the EPC inspection conducted in April 2016. This puts it in the largest 30% of detached houses houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romsey, and where 16 OXLEASE CLOSE lies on this distribution: 72% of detached houses houses are smaller than 16 OXLEASE CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Romsey.

16 OXLEASE CLOSE: Plot and Title Map

16 OXLEASE CLOSE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 16 OXLEASE CLOSE, 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 16 OXLEASE CLOSE). 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 16 OXLEASE CLOSE?

16 OXLEASE CLOSE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 16 on OXLEASE CLOSE.