5, MEDWAY AVENUE, OAKLEY, BASINGSTOKE, RG23 7DP - £425,000

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 MEDWAY AVENUE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £425,000 in January 2024, which was around 27% below the average January 2024 detached price in the Basingstoke and Deane local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

5 MEDWAY AVENUE Sold Prices

Land registry data shows two sales for 5 MEDWAY AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Basingstoke and Deane local authority area for the corresponding sale date. Both of the two 5 MEDWAY AVENUE 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
2024 22 JAN	£425,000	£582,607	27% below HPI
2012 28 SEP	£250,000	£366,288	32% below HPI

5 MEDWAY AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Basingstoke and Deane local authority area over time, sourced from the HPI. The two 5 MEDWAY AVENUE sales from September 2012 and January 2024 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 September 2012 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2024 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 5 MEDWAY AVENUE?

5 MEDWAY AVENUE is 74m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% of detached houses in Oakley, based on EPC data. The below chart shows the distribution of detached houses by size in Oakley, and where 5 MEDWAY AVENUE lies on this distribution: 6% of detached houses are smaller than 5 MEDWAY AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Oakley.

5 MEDWAY AVENUE: Plot and Title Map

5 MEDWAY AVENUE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 5 MEDWAY AVENUE, 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 MEDWAY AVENUE). 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 MEDWAY AVENUE?

5 MEDWAY AVENUE is located in OAKLEY, in the RG23 postcode district. The below map shows the position of No. 5 on MEDWAY AVENUE.