9, OXLEASE CLOSE, ROMSEY, SO51 7HA - £475,000

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

9 OXLEASE CLOSE is a large detached house of 158m², built sometime between 1996 and 2002. It was last sold for £475,000 in August 2007, which was around 29% above the average August 2007 detached price in the Test Valley local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was C.

9 OXLEASE CLOSE Sold Prices

Land registry data shows two sales for 9 OXLEASE CLOSE 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. Both of the two 9 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 31 AUG	£475,000	£367,442	29% above HPI
2000 7 SEP	£247,000	£218,271	13% above HPI

9 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 two 9 OXLEASE CLOSE sales from September 2000 and August 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 September 2000 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2007 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 9 OXLEASE CLOSE be worth now?

9 OXLEASE CLOSE might now be worth an estimated £789,165.

This is based on house price inflation of 66.1%, between August 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 66.1% inflationary increase is applied to the most recent sale price for 9 OXLEASE CLOSE of £475,000 on 31st August 2007. For the value to have increased from £475,000 to £789,165 over the sixteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 9 OXLEASE CLOSE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The August 2007 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 9 OXLEASE CLOSE has not materially changed since August 2007.

How Large is 9 OXLEASE CLOSE?

9 OXLEASE CLOSE is 158m² according to the EPC inspection conducted in March 2023. This puts it in the largest 30% 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 9 OXLEASE CLOSE lies on this distribution: 78% of detached houses houses are smaller than 9 OXLEASE CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Romsey.

9 OXLEASE CLOSE: Plot and Title Map

9 OXLEASE CLOSE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of 9 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 9 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 9 OXLEASE CLOSE?

9 OXLEASE CLOSE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 9 on OXLEASE CLOSE.