NEWLANDS, SPRINGVALE AVENUE, KINGS WORTHY, WINCHESTER, SO23 7LH - £245,000

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

NEWLANDS is a midsized extended detached house of 124m², built sometime between 1967 and 1975. It was last sold for £245,000 in February 2001, which was around 4% below the average February 2001 detached price in the Winchester local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS 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 NEWLANDS 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
2001 23 FEB	£245,000	£255,649	4% below HPI
1995 9 JUN	£87,000	£127,260	32% below HPI

NEWLANDS 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 NEWLANDS sales from June 1995 and February 2001 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 June 1995 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2001 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is NEWLANDS?

NEWLANDS is 124m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Springvale, based on EPC data. The below chart shows the distribution of detached houses by size in Springvale, and where NEWLANDS lies on this distribution: 48% of detached houses are smaller than NEWLANDS, and 50% of houses are larger. Note that EPC data is not available for all properties in Springvale.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on SPRINGVALE AVENUE in KINGS WORTHY, in the SO23 postcode district. The below map shows the position of NEWLANDS on SPRINGVALE AVENUE.