3, COVEY WAY, ALRESFORD, SO24 9QN - £362,500

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.

3 COVEY WAY is a midsized detached house of 111m², built sometime between 1950 and 1966, which could now be worth an estimated £420,241. It was last sold for £362,500 in December 2018, which was around 45% below the average December 2018 detached price in the Winchester local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

3 COVEY WAY Sold Prices

Land registry data shows four sales for 3 COVEY WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. All of the four 3 COVEY 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
2018 14 DEC	£362,500	£664,425	45% below HPI
2014 16 DEC	£345,000	£580,392	41% below HPI
2007 24 AUG	£275,000	£470,583	42% below HPI
2002 16 SEP	£170,000	£345,638	51% below HPI

3 COVEY 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 four 3 COVEY WAY sales between September 2002 and December 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 December 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2018 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 3 COVEY WAY be worth now?

3 COVEY WAY might now be worth an estimated £420,241.

This is based on house price inflation of 15.9%, between December 2018 and February 2025, 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 15.9% inflationary increase is applied to the most recent sale price for 3 COVEY WAY of £362,500 on 14th December 2018. For the value to have increased from £362,500 to £420,241 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 COVEY WAY has moved in line with the HPI for detached houses in the Winchester local authority area.
• The December 2018 sale price of £362,500 represented a fair market value for the property.
• The size, condition, and specification of 3 COVEY WAY has not materially changed since December 2018.

How Large is 3 COVEY WAY?

3 COVEY WAY is 111m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 50% of detached houses houses in New Alresford, based on EPC data. The below chart shows the distribution of detached houses houses by size in New Alresford, and where 3 COVEY WAY lies on this distribution: 42% of detached houses houses are smaller than 3 COVEY WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in New Alresford.

3 COVEY WAY: Plot and Title Map

3 COVEY WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 3 COVEY 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 3 COVEY 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 3 COVEY WAY?

3 COVEY WAY is located in ALRESFORD, in the SO24 postcode district. The below map shows the position of No. 3 on COVEY WAY.