GREENACRE, PICKET PIECE, ANDOVER, SP11 6LY - £600,000

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.

GREENACRE is a very small detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £724,595. It was last sold for £600,000 in September 2018, which was around 17% above the average September 2018 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

GREENACRE Sold Prices

Land registry data shows two sales for GREENACRE 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. One of the two GREENACRE sales was for above the average price, whilst the other was 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
2018 18 SEP	£600,000	£510,683	17% above HPI
2017 24 MAR	£415,000	£482,683	14% below HPI

GREENACRE 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 GREENACRE sales from March 2017 and September 2018 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 March 2017 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2018 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might GREENACRE be worth now?

GREENACRE might now be worth an estimated £724,595.

This is based on house price inflation of 20.8%, between September 2018 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 20.8% inflationary increase is applied to the most recent sale price for GREENACRE of £600,000 on 18th September 2018. For the value to have increased from £600,000 to £724,595 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of GREENACRE has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The September 2018 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of GREENACRE has not materially changed since September 2018.

How Large is GREENACRE?

GREENACRE is 78m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Picket Piece, based on EPC data. The below chart shows the distribution of detached houses houses by size in Picket Piece, and where GREENACRE lies on this distribution: 1% of detached houses houses are smaller than GREENACRE, and 99% of houses are larger. Note that EPC data is not available for all properties in Picket Piece.

GREENACRE: Plot and Title Map

GREENACRE sits on a plot of roughly 0.507 of an acre, or 2,051m². The below map shows the location of GREENACRE, 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 GREENACRE). 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 GREENACRE?

GREENACRE is located in PICKET PIECE, in the SP11 postcode district. The below map shows the position of GREENACRE in PICKET PIECE.