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

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.

NEW HOUSE is a very small extended detached house of 93m², built sometime between 1930 and 1949, which could now be worth an estimated £532,676. It was last sold for £550,000 in October 2022, which was around 31% 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	£795,309	31% below HPI
2020 4 DEC	£425,000	£723,964	41% below HPI
2013 12 APR	£350,000	£489,097	28% below HPI
2011 26 AUG	£249,500	£479,426	48% 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the October 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might NEW HOUSE be worth now?

NEW HOUSE might now be worth an estimated £532,676.

This is based on house price deflation of 3.1%, between October 2022 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 3.1% deflationary decrease is applied to the most recent sale price for NEW HOUSE of £550,000 on 21st October 2022. For the value to have decreased from £550,000 to £532,676 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of NEW HOUSE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The October 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of NEW HOUSE has not materially changed since October 2022.

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 houses in West Meon, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Meon, and where NEW HOUSE lies on this distribution: 11% of detached houses houses are smaller than NEW HOUSE, and 87% 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.