2, MEDINA GARDENS, OAKLEY, BASINGSTOKE, RG23 7AY - £399,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MEDINA GARDENS is a very small detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £466,016. It was last sold for £399,950 in September 2018, which was around 27% below the average September 2018 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

2 MEDINA GARDENS Sold Prices

Land registry data shows four sales for 2 MEDINA GARDENS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Basingstoke and Deane local authority area for the corresponding sale date. All of the four 2 MEDINA GARDENS 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
2018 14 SEP	£399,950	£549,369	27% below HPI
2016 15 JUL	£360,000	£518,588	31% below HPI
2011 26 JAN	£249,950	£365,622	32% below HPI
2006 21 APR	£231,500	£329,946	30% below HPI

2 MEDINA GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The four 2 MEDINA GARDENS sales between April 2006 and September 2018 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 July 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 2 MEDINA GARDENS be worth now?

2 MEDINA GARDENS might now be worth an estimated £466,016.

This is based on house price inflation of 16.5%, between September 2018 and February 2025, for detached houses, in the Basingstoke and Deane local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.5% inflationary increase is applied to the most recent sale price for 2 MEDINA GARDENS of £399,950 on 14th September 2018. For the value to have increased from £399,950 to £466,016 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MEDINA GARDENS has moved in line with the HPI for detached houses in the Basingstoke and Deane local authority area.
• The September 2018 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 2 MEDINA GARDENS has not materially changed since September 2018.

How Large is 2 MEDINA GARDENS?

2 MEDINA GARDENS is 77m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakley, and where 2 MEDINA GARDENS lies on this distribution: 8% of detached houses houses are smaller than 2 MEDINA GARDENS, and 92% of houses are larger. Note that EPC data is not available for all properties in Oakley.

2 MEDINA GARDENS: Plot and Title Map

2 MEDINA GARDENS sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 2 MEDINA GARDENS, 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 MEDINA GARDENS). 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 MEDINA GARDENS?

2 MEDINA GARDENS is located in OAKLEY, in the RG23 postcode district. The below map shows the position of No. 2 on MEDINA GARDENS.