7, GREAT WELL DRIVE, ROMSEY, SO51 7QN - £345,000

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

7 GREAT WELL DRIVE is a very small detached house of 53m², built sometime between 1991 and 1995. It was last sold for £345,000 in May 2023, which was around 46% below the average May 2023 detached price in the Test Valley local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 GREAT WELL DRIVE Sold Prices

Land registry data shows two sales for 7 GREAT WELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. Both of the two 7 GREAT WELL DRIVE 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 30 MAY	£345,000	£642,951	46% below HPI
1998 2 FEB	£79,000	£139,364	43% below HPI

7 GREAT WELL DRIVE 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 two 7 GREAT WELL DRIVE sales from February 1998 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 February 1998 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2023 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 7 GREAT WELL DRIVE?

7 GREAT WELL DRIVE is 53m² according to the EPC inspection conducted in January 2023. 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 7 GREAT WELL DRIVE lies on this distribution: Less than 1% of detached houses are smaller than 7 GREAT WELL DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Romsey.

7 GREAT WELL DRIVE: Plot and Title Map

7 GREAT WELL DRIVE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 7 GREAT WELL DRIVE, 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 7 GREAT WELL DRIVE). 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 7 GREAT WELL DRIVE?

7 GREAT WELL DRIVE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 7 on GREAT WELL DRIVE.