18, MARTIN WAY, ANDOVER, SP10 5PF - £114,000

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

18 MARTIN WAY is a very small detached house of 52m², built sometime between 1976 and 1982, which could now be worth an estimated £258,693. It was last sold for £114,000 in August 2002, which was around 58% below the average August 2002 detached price in the Test Valley local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

18 MARTIN WAY Sold Prices

Land registry data shows two sales for 18 MARTIN WAY 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 18 MARTIN WAY 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 13 AUG	£114,000	£269,019	58% below HPI
1997 24 APR	£56,000	£120,942	54% below HPI

18 MARTIN WAY 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 18 MARTIN WAY sales from April 1997 and August 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 1997 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the August 2002 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 18 MARTIN WAY be worth now?

18 MARTIN WAY might now be worth an estimated £258,693.

This is based on house price inflation of 126.9%, between August 2002 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 126.9% inflationary increase is applied to the most recent sale price for 18 MARTIN WAY of £114,000 on 13th August 2002. For the value to have increased from £114,000 to £258,693 over the 21 years and eight months to December 2024, the following assumptions must hold true:

• The value of 18 MARTIN WAY has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The August 2002 sale price of £114,000 represented a fair market value for the property.
• The size, condition, and specification of 18 MARTIN WAY has not materially changed since August 2002.

How Large is 18 MARTIN WAY?

18 MARTIN WAY is 52m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Andover, based on EPC data. The below chart shows the distribution of detached houses houses by size in Andover, and where 18 MARTIN WAY lies on this distribution: 1% of detached houses houses are smaller than 18 MARTIN WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Andover.

18 MARTIN WAY: Plot and Title Map

18 MARTIN WAY sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 18 MARTIN WAY, 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 18 MARTIN WAY). 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 18 MARTIN WAY?

18 MARTIN WAY is located in ANDOVER, in the SP10 postcode district. The below map shows the position of No. 18 on MARTIN WAY.