NORGATES, HAMMONDS LANE, ROPLEY, ALRESFORD, SO24 0DZ - £502,500

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.

NORGATES is a very small extended detached house of 124m², built sometime between 1900 and 1929, which could now be worth an estimated £582,767. It was last sold for £502,500 in February 2019, which was around 15% below the average February 2019 detached price in the East Hampshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was F, and the potential energy rating was F.

NORGATES Sold Prices

Land registry data shows two sales for NORGATES 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 NORGATES 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
2019 15 FEB	£502,500	£590,856	15% below HPI
2006 24 NOV	£340,000	£389,188	13% below HPI

NORGATES 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 NORGATES sales from November 2006 and February 2019 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 November 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2019 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might NORGATES be worth now?

NORGATES might now be worth an estimated £582,767.

This is based on house price inflation of 16%, between February 2019 and February 2025, for detached houses, in the East Hampshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for NORGATES of £502,500 on 15th February 2019. For the value to have increased from £502,500 to £582,767 over the six years to February 2025, the following assumptions must hold true:

• The value of NORGATES has moved in line with the HPI for detached houses in the East Hampshire local authority area.
• The February 2019 sale price of £502,500 represented a fair market value for the property.
• The size, condition, and specification of NORGATES has not materially changed since February 2019.

How Large is NORGATES?

NORGATES is 124m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses houses in Ropley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ropley, and where NORGATES lies on this distribution: 15% of detached houses houses are smaller than NORGATES, and 85% of houses are larger. Note that EPC data is not available for all properties in Ropley.

NORGATES: Plot and Title Map

NORGATES sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of NORGATES, 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 NORGATES). 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 NORGATES?

NORGATES is located on HAMMONDS LANE in ROPLEY, in the SO24 postcode district. The below map shows the position of NORGATES on HAMMONDS LANE.