OAKWOOD, ROMSEY ROAD, CADNAM, SOUTHAMPTON, SO40 2NN - £415,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OAKWOOD is a very small detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £407,636. It was last sold for £415,000 in December 2021, which was around 30% below the average December 2021 detached price in the New Forest local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

OAKWOOD Sold Prices

Land registry data shows two sales for OAKWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two OAKWOOD 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
2021 3 DEC	£415,000	£593,213	30% below HPI
2001 5 OCT	£171,500	£218,585	22% below HPI

OAKWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The two OAKWOOD sales from October 2001 and December 2021 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 October 2001 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might OAKWOOD be worth now?

OAKWOOD might now be worth an estimated £407,636.

This is based on house price deflation of 1.8%, between December 2021 and December 2024, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.8% deflationary decrease is applied to the most recent sale price for OAKWOOD of £415,000 on 3rd December 2021. For the value to have decreased from £415,000 to £407,636 over the three years to December 2024, the following assumptions must hold true:

• The value of OAKWOOD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The December 2021 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of OAKWOOD has not materially changed since December 2021.

How Large is OAKWOOD?

OAKWOOD is 69m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of detached houses houses in Cadnam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cadnam, and where OAKWOOD lies on this distribution: Less than 1% of detached houses houses are smaller than OAKWOOD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cadnam.

OAKWOOD: Plot and Title Map

OAKWOOD sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of OAKWOOD, 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 OAKWOOD). 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 OAKWOOD?

OAKWOOD is located on ROMSEY ROAD in CADNAM, in the SO40 postcode district. The below map shows the position of OAKWOOD on ROMSEY ROAD.