5, BUDDS LANE, ROMSEY, SO51 0HA - £295,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 BUDDS LANE is a very small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £295,000 in February 2023, which was around 53% below the average February 2023 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

5 BUDDS LANE Sold Prices

Land registry data shows four sales for 5 BUDDS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the four 5 BUDDS LANE 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 10 FEB	£295,000	£627,990	53% below HPI
2006 27 JUL	£250,000	£334,510	25% below HPI
2001 22 AUG	£130,000	£230,817	44% below HPI
1997 24 APR	£83,500	£121,739	31% below HPI

5 BUDDS LANE 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 four 5 BUDDS LANE sales between April 1997 and February 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 July 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 5 BUDDS LANE?

5 BUDDS LANE is 70m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of detached houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses by size in Romsey, and where 5 BUDDS LANE lies on this distribution: 3% of detached houses are smaller than 5 BUDDS LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Romsey.

5 BUDDS LANE: Plot and Title Map

5 BUDDS LANE sits on a plot of roughly 0.121 of an acre, or 491m². The below map shows the location of 5 BUDDS LANE, 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 5 BUDDS LANE). 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 5 BUDDS LANE?

5 BUDDS LANE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 5 on BUDDS LANE.