4, MICHELMERSH CLOSE, ROWNHAMS, SOUTHAMPTON, SO16 8DX - £400,000

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.

4 MICHELMERSH CLOSE is a large detached house of 129m², built sometime between 1976 and 1982, which could now be worth an estimated £495,437. It was last sold for £400,000 in July 2019, which was around 20% below the average July 2019 detached price in the Test Valley local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

4 MICHELMERSH CLOSE Sold Prices

Land registry data shows three sales for 4 MICHELMERSH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the three 4 MICHELMERSH CLOSE 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 26 JUL	£400,000	£497,929	20% below HPI
2015 22 MAY	£312,500	£417,278	25% below HPI
2002 28 FEB	£187,500	£228,083	18% below HPI

4 MICHELMERSH CLOSE 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 three 4 MICHELMERSH CLOSE sales between February 2002 and July 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 May 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 4 MICHELMERSH CLOSE be worth now?

4 MICHELMERSH CLOSE might now be worth an estimated £495,437.

This is based on house price inflation of 23.9%, between July 2019 and February 2025, 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 23.9% inflationary increase is applied to the most recent sale price for 4 MICHELMERSH CLOSE of £400,000 on 26th July 2019. For the value to have increased from £400,000 to £495,437 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 4 MICHELMERSH CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The July 2019 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MICHELMERSH CLOSE has not materially changed since July 2019.

How Large is 4 MICHELMERSH CLOSE?

4 MICHELMERSH CLOSE is 129m² according to the EPC inspection conducted in June 2010. This puts it in the largest 40% of detached houses houses in Rownhams, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rownhams, and where 4 MICHELMERSH CLOSE lies on this distribution: 63% of detached houses houses are smaller than 4 MICHELMERSH CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Rownhams.

4 MICHELMERSH CLOSE: Plot and Title Map

4 MICHELMERSH CLOSE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 4 MICHELMERSH CLOSE, 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 4 MICHELMERSH CLOSE). 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 4 MICHELMERSH CLOSE?

4 MICHELMERSH CLOSE is located in ROWNHAMS, in the SO16 postcode district. The below map shows the position of No. 4 on MICHELMERSH CLOSE.