NEW HOUSE, WEST MEON, PETERSFIELD, GU32 1JF - £550,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

NEW HOUSE is a very small extended detached house of 93m², built sometime between 1930 and 1949. It was last sold for £550,000 in October 2022, which was around 30% below the average October 2022 detached price in the Winchester local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

NEW HOUSE Sold Prices

Land registry data shows four sales for NEW HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. All of the four NEW HOUSE 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 21 OCT	£550,000	£783,005	30% below HPI
2020 4 DEC	£425,000	£710,457	40% below HPI
2013 12 APR	£350,000	£479,972	27% below HPI
2011 26 AUG	£249,500	£470,482	47% below HPI

NEW HOUSE 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 four NEW HOUSE sales between August 2011 and October 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 December 2020 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is NEW HOUSE?

NEW HOUSE is 93m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the smallest 20% of detached houses in West Meon, based on EPC data. The below chart shows the distribution of detached houses by size in West Meon, and where NEW HOUSE lies on this distribution: 12% of detached houses are smaller than NEW HOUSE, and 86% of houses are larger. Note that EPC data is not available for all properties in West Meon.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

NEW HOUSE is located in WEST MEON, in the GU32 postcode district. The below map shows the position of NEW HOUSE in WEST MEON.