LABEC, HUSSELL LANE, MEDSTEAD, ALTON, GU34 5PF - £525,000

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.

LABEC is a very small extended detached house of 109m², built sometime between 1950 and 1966, which could now be worth an estimated £601,474. It was last sold for £525,000 in December 2017, which was around 12% below the average December 2017 detached price in the East Hampshire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

LABEC Sold Prices

Land registry data shows two sales for LABEC since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hampshire local authority area for the corresponding sale date. One of the two LABEC sales was for below the average price, whilst the other was 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
2017 1 DEC	£525,000	£598,113	12% below HPI
1997 24 MAR	£153,000	£142,031	8% above HPI

LABEC 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 two LABEC sales from March 1997 and December 2017 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 1997 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might LABEC be worth now?

LABEC might now be worth an estimated £601,474.

This is based on house price inflation of 14.6%, between December 2017 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 14.6% inflationary increase is applied to the most recent sale price for LABEC of £525,000 on 1st December 2017. For the value to have increased from £525,000 to £601,474 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of LABEC has moved in line with the HPI for detached houses in the East Hampshire local authority area.
• The December 2017 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of LABEC has not materially changed since December 2017.

How Large is LABEC?

LABEC is 109m², which includes three extensions, according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of detached houses houses in Medstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Medstead, and where LABEC lies on this distribution: 15% of detached houses houses are smaller than LABEC, and 85% of houses are larger. Note that EPC data is not available for all properties in Medstead.

LABEC: Plot and Title Map

LABEC sits on a plot of roughly 0.334 of an acre, or 1,351m². The below map shows the location of LABEC, 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 LABEC). 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 LABEC?

LABEC is located on HUSSELL LANE in MEDSTEAD, in the GU34 postcode district. The below map shows the position of LABEC on HUSSELL LANE.