32, FIVE ELMS DRIVE, ROMSEY, SO51 5RN - £475,000

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

32 FIVE ELMS DRIVE is a large detached house of 135m², built sometime between 1976 and 1982. It was last sold for £475,000 in May 2016, which was around 6% above the average May 2016 detached price in the Test Valley local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was C.

32 FIVE ELMS DRIVE Sold Prices

Land registry data shows two sales for 32 FIVE ELMS DRIVE 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 32 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
2016 27 MAY	£475,000	£447,878	6% above HPI
1996 21 JUN	£140,000	£117,307	19% above HPI

32 FIVE ELMS DRIVE 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 32 FIVE ELMS DRIVE sales from June 1996 and May 2016 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 June 1996 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 32 FIVE ELMS DRIVE be worth now?

32 FIVE ELMS DRIVE might now be worth an estimated £647,436.

This is based on house price inflation of 36.3%, between May 2016 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 36.3% inflationary increase is applied to the most recent sale price for 32 FIVE ELMS DRIVE of £475,000 on 27th May 2016. For the value to have increased from £475,000 to £647,436 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 32 FIVE ELMS DRIVE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The May 2016 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 32 FIVE ELMS DRIVE has not materially changed since May 2016.

How Large is 32 FIVE ELMS DRIVE?

32 FIVE ELMS DRIVE is 135m² according to the EPC inspection conducted in November 2015. This puts it in the largest 40% of detached houses houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romsey, and where 32 FIVE ELMS DRIVE lies on this distribution: 63% of detached houses houses are smaller than 32 FIVE ELMS DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Romsey.

32 FIVE ELMS DRIVE: Plot and Title Map

32 FIVE ELMS DRIVE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 32 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 32 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 32 FIVE ELMS DRIVE?

32 FIVE ELMS DRIVE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 32 on FIVE ELMS DRIVE.