8, CHICHESTER CLOSE, EAST WELLOW, ROMSEY, SO51 6EY - £525,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 CHICHESTER CLOSE is a small detached house of 125m², built sometime between 1976 and 1982, which could now be worth an estimated £514,046. It was last sold for £525,000 in March 2023, which was around 17% below the average March 2023 detached price in the Test Valley local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

8 CHICHESTER CLOSE Sold Prices

Land registry data shows four sales for 8 CHICHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the four 8 CHICHESTER CLOSE 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 21 MAR	£525,000	£629,873	17% below HPI
2017 28 SEP	£425,000	£508,209	16% below HPI
2005 29 JUL	£304,000	£322,578	6% below HPI
1995 6 OCT	£105,000	£114,096	8% below HPI

8 CHICHESTER CLOSE 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 four 8 CHICHESTER CLOSE sales between October 1995 and March 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 September 2017 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 8 CHICHESTER CLOSE be worth now?

8 CHICHESTER CLOSE might now be worth an estimated £514,046.

This is based on house price deflation of 2.1%, between March 2023 and February 2025, for detached houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% deflationary decrease is applied to the most recent sale price for 8 CHICHESTER CLOSE of £525,000 on 21st March 2023. For the value to have decreased from £525,000 to £514,046 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 8 CHICHESTER CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The March 2023 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHICHESTER CLOSE has not materially changed since March 2023.

How Large is 8 CHICHESTER CLOSE?

8 CHICHESTER CLOSE is 125m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 40% of detached houses houses in East Wellow, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wellow, and where 8 CHICHESTER CLOSE lies on this distribution: 38% of detached houses houses are smaller than 8 CHICHESTER CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in East Wellow.

8 CHICHESTER CLOSE: Plot and Title Map

8 CHICHESTER CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 8 CHICHESTER CLOSE, 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 8 CHICHESTER CLOSE). 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 8 CHICHESTER CLOSE?

8 CHICHESTER CLOSE is located in EAST WELLOW, in the SO51 postcode district. The below map shows the position of No. 8 on CHICHESTER CLOSE.