5, WATERCRESS WAY, MEDSTEAD, ALTON, GU34 5FS - £740,000

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 WATERCRESS WAY is a midsized extended detached house of 168m², built sometime between 2007 and 2011, which could now be worth an estimated £688,650. It was last sold for £740,000 in October 2022, which was about the average October 2022 detached price in the East Hampshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 WATERCRESS WAY Sold Prices

Land registry data shows two sales for 5 WATERCRESS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hampshire local authority area for the corresponding sale date. One of the two 5 WATERCRESS WAY sales was roughly equal to the average price, whilst the other was for above 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
2022 6 OCT	£740,000	£736,333	Close to HPI
2011 15 DEC	£527,000	£425,994	24% above HPI

5 WATERCRESS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hampshire local authority area over time, sourced from the HPI. The two 5 WATERCRESS WAY sales from December 2011 and October 2022 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 December 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 5 WATERCRESS WAY be worth now?

5 WATERCRESS WAY might now be worth an estimated £688,650.

This is based on house price deflation of 6.9%, between October 2022 and February 2025, for detached houses, in the East Hampshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% deflationary decrease is applied to the most recent sale price for 5 WATERCRESS WAY of £740,000 on 6th October 2022. For the value to have decreased from £740,000 to £688,650 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 WATERCRESS WAY has moved in line with the HPI for detached houses in the East Hampshire local authority area.
• The October 2022 sale price of £740,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WATERCRESS WAY has not materially changed since October 2022.

How Large is 5 WATERCRESS WAY?

5 WATERCRESS WAY is 168m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 50% of detached houses houses in Medstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Medstead, and where 5 WATERCRESS WAY lies on this distribution: 57% of detached houses houses are smaller than 5 WATERCRESS WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Medstead.

5 WATERCRESS WAY: Plot and Title Map

5 WATERCRESS WAY sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 5 WATERCRESS 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 WATERCRESS 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 WATERCRESS WAY?

5 WATERCRESS WAY is located in MEDSTEAD, in the GU34 postcode district. The below map shows the position of No. 5 on WATERCRESS WAY.