24, RANCES WAY, WINCHESTER, SO22 4PN - £340,000

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

24 RANCES WAY is a very small extended detached house of 81m², built sometime between 1976 and 1982, which could now be worth an estimated £403,828. It was last sold for £340,000 in May 2019, which was around 49% below the average May 2019 detached price in the Winchester local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was B.

24 RANCES WAY Sold Prices

Land registry data shows three sales for 24 RANCES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. All of the three 24 RANCES 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
2019 9 MAY	£340,000	£672,900	49% below HPI
2014 1 AUG	£313,000	£568,590	45% below HPI
2006 3 MAR	£231,000	£420,835	45% below HPI

24 RANCES WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The three 24 RANCES WAY sales between March 2006 and May 2019 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 August 2014 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2019 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

What might 24 RANCES WAY be worth now?

24 RANCES WAY might now be worth an estimated £403,828.

This is based on house price inflation of 18.8%, between May 2019 and December 2024, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.8% inflationary increase is applied to the most recent sale price for 24 RANCES WAY of £340,000 on 9th May 2019. For the value to have increased from £340,000 to £403,828 over the four years and five months to December 2024, the following assumptions must hold true:

• The value of 24 RANCES WAY has moved in line with the HPI for detached houses in the Winchester local authority area.
• The May 2019 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 24 RANCES WAY has not materially changed since May 2019.

How Large is 24 RANCES WAY?

24 RANCES WAY is 81m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 10% of detached houses houses in Winchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Winchester, and where 24 RANCES WAY lies on this distribution: 5% of detached houses houses are smaller than 24 RANCES WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Winchester.

24 RANCES WAY: Plot and Title Map

24 RANCES WAY sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 24 RANCES 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 24 RANCES 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 24 RANCES WAY?

24 RANCES WAY is located in WINCHESTER, in the SO22 postcode district. The below map shows the position of No. 24 on RANCES WAY.