MEON LEA, POLICE STATION LANE, DROXFORD, SOUTHAMPTON, SO32 3RF - £550,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MEON LEA is a small extended detached house of 154m², built sometime between 1976 and 1982. It was last sold for £550,000 in November 2022, which was around 28% below the average November 2022 detached price in the Winchester local authority area. The most recent EPC inspection was April 2024, where the current energy rating was D, and the potential energy rating was C.

MEON LEA Sold Prices

Land registry data shows two sales for MEON LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. Both of the two MEON LEA 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
2022 11 NOV	£550,000	£763,957	28% below HPI
2022 12 AUG	£495,000	£779,177	36% below HPI

MEON LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The two MEON LEA sales from August 2022 and November 2022 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 August 2022 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is MEON LEA?

MEON LEA is 154m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 30% of detached houses in Droxford, based on EPC data. The below chart shows the distribution of detached houses by size in Droxford, and where MEON LEA lies on this distribution: 28% of detached houses are smaller than MEON LEA, and 70% of houses are larger. Note that EPC data is not available for all properties in Droxford.

MEON LEA: Plot and Title Map

MEON LEA sits on a plot of roughly 0.235 of an acre, or 949m². The below map shows the location of MEON LEA, 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 MEON LEA). 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 MEON LEA?

MEON LEA is located on POLICE STATION LANE in DROXFORD, in the SO32 postcode district. The below map shows the position of MEON LEA on POLICE STATION LANE.