8, TEST CLOSE, PETERSFIELD, GU31 4LH - £430,000

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 TEST CLOSE is a midsized extended detached house of 121m², built sometime between 1991 and 1995, which could now be worth an estimated £460,561. It was last sold for £430,000 in December 2020, which was around 33% below the average December 2020 detached price in the East Hampshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

8 TEST CLOSE Sold Prices

Land registry data shows four sales for 8 TEST 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 East Hampshire local authority area for the corresponding sale date. All of the four 8 TEST 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
2020 15 DEC	£430,000	£639,767	33% below HPI
2004 21 MAY	£226,000	£337,337	33% below HPI
1999 24 SEP	£134,950	£197,881	32% below HPI
1995 7 APR	£86,000	£126,709	32% below HPI

8 TEST CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hampshire local authority area over time, sourced from the HPI. The four 8 TEST CLOSE sales between April 1995 and December 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 May 2004 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2020 sale, which was also at 33% below the HPI.

What might 8 TEST CLOSE be worth now?

8 TEST CLOSE might now be worth an estimated £460,561.

This is based on house price inflation of 7.1%, between December 2020 and February 2025, for detached houses, in the East Hampshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.1% inflationary increase is applied to the most recent sale price for 8 TEST CLOSE of £430,000 on 15th December 2020. For the value to have increased from £430,000 to £460,561 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 TEST CLOSE has moved in line with the HPI for detached houses in the East Hampshire local authority area.
• The December 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 8 TEST CLOSE has not materially changed since December 2020.

How Large is 8 TEST CLOSE?

8 TEST CLOSE is 121m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 50% of detached houses houses in Petersfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Petersfield, and where 8 TEST CLOSE lies on this distribution: 41% of detached houses houses are smaller than 8 TEST CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Petersfield.

8 TEST CLOSE: Plot and Title Map

8 TEST CLOSE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 8 TEST 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 TEST 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 TEST CLOSE?

8 TEST CLOSE is located in PETERSFIELD, in the GU31 postcode district. The below map shows the position of No. 8 on TEST CLOSE.