7, NEW ROAD, ROMSEY, SO51 7LL - £420,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 NEW ROAD is a midsized extended detached house of 130m², built sometime between 1950 and 1966. It was last sold for £420,000 in February 2020, which was around 19% below the average February 2020 detached price in the Test Valley local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was D.

7 NEW ROAD Sold Prices

Land registry data shows three sales for 7 NEW ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the three 7 NEW ROAD 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
2020 28 FEB	£420,000	£518,796	19% below HPI
2013 14 JUN	£285,000	£367,623	22% below HPI
1995 12 SEP	£79,950	£114,605	30% below HPI

7 NEW ROAD 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 three 7 NEW ROAD sales between September 1995 and February 2020 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 June 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2020 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 NEW ROAD?

7 NEW ROAD is 130m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 50% 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 NEW ROAD lies on this distribution: 59% of detached houses are smaller than 7 NEW ROAD, and 41% of houses are larger. Note that EPC data is not available for all properties in Romsey.

7 NEW ROAD: Plot and Title Map

7 NEW ROAD sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 7 NEW ROAD, 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 NEW ROAD). 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 NEW ROAD?

7 NEW ROAD is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 7 on NEW ROAD.