2, FIVE ELMS DRIVE, ROMSEY, SO51 5RN - £425,000

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

2 FIVE ELMS DRIVE is a small extended semi-detached house of 102m², built sometime between 1976 and 1982, which could now be worth an estimated £499,285. It was last sold for £425,000 in May 2021, which was around 36% above the average May 2021 semi-detached price in the Test Valley local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

2 FIVE ELMS DRIVE Sold Prices

Land registry data shows three sales for 2 FIVE ELMS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Test Valley local authority area for the corresponding sale date. All of the three 2 FIVE ELMS DRIVE 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
2021 21 MAY	£425,000	£312,282	36% above HPI
2008 16 MAY	£272,000	£219,161	24% above HPI
1995 21 JUL	£97,000	£63,873	52% above HPI

2 FIVE ELMS DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Test Valley local authority area over time, sourced from the HPI. The three 2 FIVE ELMS DRIVE sales between July 1995 and May 2021 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 May 2008 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the May 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 2 FIVE ELMS DRIVE be worth now?

2 FIVE ELMS DRIVE might now be worth an estimated £499,285.

This is based on house price inflation of 17.5%, between May 2021 and December 2024, for semi-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 17.5% inflationary increase is applied to the most recent sale price for 2 FIVE ELMS DRIVE of £425,000 on 21st May 2021. For the value to have increased from £425,000 to £499,285 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 2 FIVE ELMS DRIVE has moved in line with the HPI for semi-detached houses in the Test Valley local authority area.
• The May 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FIVE ELMS DRIVE has not materially changed since May 2021.

How Large is 2 FIVE ELMS DRIVE?

2 FIVE ELMS DRIVE is 102m², which includes two extensions, according to the EPC inspection conducted in February 2021. This puts it in the smallest 30% of semi-detached houses houses in Romsey, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Romsey, and where 2 FIVE ELMS DRIVE lies on this distribution: 28% of semi-detached houses houses are smaller than 2 FIVE ELMS DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Romsey.

2 FIVE ELMS DRIVE: Plot and Title Map

2 FIVE ELMS DRIVE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 2 FIVE ELMS DRIVE, 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 2 FIVE ELMS DRIVE). 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 2 FIVE ELMS DRIVE?

2 FIVE ELMS DRIVE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 2 on FIVE ELMS DRIVE.