7, THE TERRACE, NEWPORT LANE, BRAISHFIELD, ROMSEY, SO51 0PL - £490,000

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 THE TERRACE is a very small extended detached house of 113m², built sometime between 1930 and 1949. It was last sold for £490,000 in September 2016, which was around 2% above the average September 2016 detached price in the Test Valley local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

7 THE TERRACE Sold Prices

Land registry data shows two sales for 7 THE TERRACE 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. One of the two 7 THE TERRACE sales was for above the average price, whilst the other was 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 16 SEP	£490,000	£478,920	2% above HPI
2006 30 MAY	£325,000	£332,862	2% below HPI

7 THE TERRACE 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 THE TERRACE sales from May 2006 and September 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 May 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2016 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 7 THE TERRACE?

7 THE TERRACE is 113m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of detached houses in Braishfield, based on EPC data. The below chart shows the distribution of detached houses by size in Braishfield, and where 7 THE TERRACE lies on this distribution: 19% of detached houses are smaller than 7 THE TERRACE, and 81% of houses are larger. Note that EPC data is not available for all properties in Braishfield.

7 THE TERRACE: Plot and Title Map

7 THE TERRACE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 7 THE TERRACE, 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 THE TERRACE). 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 THE TERRACE?

7 THE TERRACE is located on NEWPORT LANE in BRAISHFIELD, in the SO51 postcode district. The below map shows the position of 7 THE TERRACE on NEWPORT LANE.