FAIRWAYS, FAIRVIEW DRIVE, ROMSEY, SO51 7LQ - £525,000

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

FAIRWAYS is a very large extended detached house of 183m², built sometime between 1991 and 1995. It was last sold for £525,000 in March 2014, which was around 38% above the average March 2014 detached price in the Test Valley local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS 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
2014 19 MAR	£525,000	£381,606	38% above HPI
2005 1 DEC	£360,000	£318,061	13% above HPI

FAIRWAYS 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 FAIRWAYS sales from December 2005 and March 2014 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 December 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2014 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £839,860.

This is based on house price inflation of 60%, between March 2014 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 60% inflationary increase is applied to the most recent sale price for FAIRWAYS of £525,000 on 19th March 2014. For the value to have increased from £525,000 to £839,860 over the nine years and three months to December 2024, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The March 2014 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since March 2014.

How Large is FAIRWAYS?

FAIRWAYS is 183m², which includes two extensions, according to the EPC inspection conducted in November 2013. This puts it in the largest 20% 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 FAIRWAYS lies on this distribution: 86% of detached houses houses are smaller than FAIRWAYS, and 14% of houses are larger. Note that EPC data is not available for all properties in Romsey.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on FAIRVIEW DRIVE in ROMSEY, in the SO51 postcode district. The below map shows the position of FAIRWAYS on FAIRVIEW DRIVE.