5, COVEY WAY, ALRESFORD, SO24 9QN - £300,000

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

5 COVEY WAY is a very small detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £371,111. It was last sold for £300,000 in March 2016, which was around 54% below the average March 2016 detached price in the Winchester local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 COVEY WAY Sold Prices

Land registry data shows four sales for 5 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 5 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
2016 4 MAR	£300,000	£646,079	54% below HPI
2007 17 AUG	£266,000	£470,583	43% below HPI
2006 20 MAR	£203,500	£420,835	52% below HPI
1996 15 AUG	£66,000	£144,329	54% below HPI

5 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 5 COVEY WAY sales between August 1996 and March 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 August 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2016 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 5 COVEY WAY be worth now?

5 COVEY WAY might now be worth an estimated £371,111.

This is based on house price inflation of 23.7%, between March 2016 and December 2024, 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 23.7% inflationary increase is applied to the most recent sale price for 5 COVEY WAY of £300,000 on 4th March 2016. For the value to have increased from £300,000 to £371,111 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 5 COVEY WAY has moved in line with the HPI for detached houses in the Winchester local authority area.
• The March 2016 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 COVEY WAY has not materially changed since March 2016.

How Large is 5 COVEY WAY?

5 COVEY WAY is 66m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% 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 5 COVEY WAY lies on this distribution: 3% of detached houses houses are smaller than 5 COVEY WAY, and 97% of houses are larger. Note that EPC data is not available for all properties in New Alresford.

5 COVEY WAY: Plot and Title Map

5 COVEY WAY sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 5 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 5 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 5 COVEY WAY?

5 COVEY WAY is located in ALRESFORD, in the SO24 postcode district. The below map shows the position of No. 5 on COVEY WAY.