48, MILL CLOSE, DENMEAD, WATERLOOVILLE, PO7 6PE - £550,000

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.

48 MILL CLOSE is a large extended detached house of 141m², built sometime between 1996 and 2002, which could now be worth an estimated £538,803. It was last sold for £550,000 in May 2023, which was around 30% below the average May 2023 detached price in the Winchester local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

48 MILL CLOSE Sold Prices

Land registry data shows two sales for 48 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. Both of the two 48 MILL 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
2023 12 MAY	£550,000	£786,265	30% below HPI
2002 18 OCT	£284,950	£356,257	20% below HPI

48 MILL CLOSE 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 two 48 MILL CLOSE sales from October 2002 and May 2023 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 October 2002 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 48 MILL CLOSE be worth now?

48 MILL CLOSE might now be worth an estimated £538,803.

This is based on house price deflation of 2%, between May 2023 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 2% deflationary decrease is applied to the most recent sale price for 48 MILL CLOSE of £550,000 on 12th May 2023. For the value to have decreased from £550,000 to £538,803 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 48 MILL CLOSE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The May 2023 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 48 MILL CLOSE has not materially changed since May 2023.

How Large is 48 MILL CLOSE?

48 MILL CLOSE is 141m², which includes three extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 40% of detached houses houses in Denmead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Denmead, and where 48 MILL CLOSE lies on this distribution: 67% of detached houses houses are smaller than 48 MILL CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Denmead.

48 MILL CLOSE: Plot and Title Map

48 MILL CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 48 MILL 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 48 MILL 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 48 MILL CLOSE?

48 MILL CLOSE is located in DENMEAD, in the PO7 postcode district. The below map shows the position of No. 48 on MILL CLOSE.