MULBERRY, NEW FARM ROAD, ALRESFORD, SO24 9QP - £355,000

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.

MULBERRY is a very small detached house of 69m², built in 2021, which could now be worth an estimated £382,900. It was last sold for £355,000 in November 2020, which was around 50% below the average November 2020 detached price in the Winchester local authority area. The most recent EPC inspection was May 2021, where the current energy rating was B, and the potential energy rating was A.

MULBERRY Sold Prices

Land registry data shows three sales for MULBERRY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. All of the three MULBERRY 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
2020 20 NOV	£355,000	£714,133	50% below HPI
2019 20 AUG	£110,000	£673,880	84% below HPI
2019 4 JAN	£85,000	£659,683	87% below HPI

MULBERRY 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 three MULBERRY sales between January 2019 and November 2020 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 2019 sale was for 84% below the HPI. So the extrapolation line tracks at 84% below the HPI over time, until the November 2020 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might MULBERRY be worth now?

MULBERRY might now be worth an estimated £382,900.

This is based on house price inflation of 7.9%, between November 2020 and February 2025, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.9% inflationary increase is applied to the most recent sale price for MULBERRY of £355,000 on 20th November 2020. For the value to have increased from £355,000 to £382,900 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of MULBERRY has moved in line with the HPI for detached houses in the Winchester local authority area.
• The November 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of MULBERRY has not materially changed since November 2020.

How Large is MULBERRY?

MULBERRY is 69m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 10% of detached houses houses in New Alresford, based on EPC data. The below chart shows the distribution of detached houses houses by size in New Alresford, and where MULBERRY lies on this distribution: 5% of detached houses houses are smaller than MULBERRY, and 95% of houses are larger. Note that EPC data is not available for all properties in New Alresford.

MULBERRY: Plot and Title Map

MULBERRY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of MULBERRY, 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 MULBERRY). 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 MULBERRY?

MULBERRY is located on NEW FARM ROAD in ALRESFORD, in the SO24 postcode district. The below map shows the position of MULBERRY on NEW FARM ROAD.