8, OXLEASE CLOSE, ROMSEY, SO51 7HA - £390,000

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

8 OXLEASE CLOSE is a large extended detached house of 134m², built sometime between 1996 and 2002. It was last sold for £390,000 in July 2007, which was around 5% above the average July 2007 detached price in the Test Valley local authority area. The most recent EPC inspection was November 2024, where the current energy rating was D, and the potential energy rating was C.

8 OXLEASE CLOSE Sold Prices

Land registry data shows three sales for 8 OXLEASE CLOSE 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 8 OXLEASE CLOSE sales were 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
2007 23 JUL	£390,000	£371,465	5% above HPI
2005 5 MAY	£324,000	£307,096	6% above HPI
2002 19 APR	£285,000	£235,146	21% above HPI

8 OXLEASE 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 three 8 OXLEASE CLOSE sales between April 2002 and July 2007 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 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2007 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 8 OXLEASE CLOSE be worth now?

8 OXLEASE CLOSE might now be worth an estimated £640,929.

This is based on house price inflation of 64.3%, between July 2007 and December 2024, 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 64.3% inflationary increase is applied to the most recent sale price for 8 OXLEASE CLOSE of £390,000 on 23rd July 2007. For the value to have increased from £390,000 to £640,929 over the sixteen years and seven months to December 2024, the following assumptions must hold true:

• The value of 8 OXLEASE CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The July 2007 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OXLEASE CLOSE has not materially changed since July 2007.

How Large is 8 OXLEASE CLOSE?

8 OXLEASE CLOSE is 134m², which includes one extension, according to the EPC inspection conducted in November 2024. This puts it in the largest 40% of detached houses houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romsey, and where 8 OXLEASE CLOSE lies on this distribution: 61% of detached houses houses are smaller than 8 OXLEASE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Romsey.

8 OXLEASE CLOSE: Plot and Title Map

8 OXLEASE CLOSE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 8 OXLEASE 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 OXLEASE 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 OXLEASE CLOSE?

8 OXLEASE CLOSE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 8 on OXLEASE CLOSE.