NEWFIELDS, HOMESTEAD ROAD, MEDSTEAD, ALTON, GU34 5NA - £860,000

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

NEWFIELDS is a very large detached house of 275m², built sometime between 1996 and 2002. It was last sold for £860,000 in May 2016, which was around 63% above the average May 2016 detached price in the East Hampshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

NEWFIELDS Sold Prices

Land registry data shows two sales for NEWFIELDS 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. Both of the two NEWFIELDS sales were 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
2016 27 MAY	£860,000	£526,385	63% above HPI
1996 31 JUL	£295,000	£125,318	135% above HPI

NEWFIELDS 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 NEWFIELDS sales from July 1996 and May 2016 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 July 1996 sale was for 135% above the HPI. So the extrapolation line tracks at 135% above the HPI over time, until the May 2016 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is NEWFIELDS?

NEWFIELDS is 275m² according to the EPC inspection conducted in July 2015. This puts it in the largest 10% of detached houses in Medstead, based on EPC data. The below chart shows the distribution of detached houses by size in Medstead, and where NEWFIELDS lies on this distribution: 95% of detached houses are smaller than NEWFIELDS, and 4% of houses are larger. Note that EPC data is not available for all properties in Medstead.

NEWFIELDS: Plot and Title Map

NEWFIELDS sits on a plot of roughly 0.524 of an acre, or 2,119m². The below map shows the location of NEWFIELDS, 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 NEWFIELDS). 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 NEWFIELDS?

NEWFIELDS is located on HOMESTEAD ROAD in MEDSTEAD, in the GU34 postcode district. The below map shows the position of NEWFIELDS on HOMESTEAD ROAD.