OVERLEA, POUND LANE, MEONSTOKE, SOUTHAMPTON, SO32 3NP - £580,000

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

OVERLEA is a very small extended detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £748,541. It was last sold for £580,000 in November 2015, which was around 6% below the average November 2015 detached price in the Winchester local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

OVERLEA Sold Prices

Land registry data shows two sales for OVERLEA 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 OVERLEA 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
2015 3 NOV	£580,000	£619,271	6% below HPI
2003 4 NOV	£340,000	£378,276	10% below HPI

OVERLEA 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 OVERLEA sales from November 2003 and November 2015 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 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2015 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might OVERLEA be worth now?

OVERLEA might now be worth an estimated £748,541.

This is based on house price inflation of 29.1%, between November 2015 and December 2024, 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 29.1% inflationary increase is applied to the most recent sale price for OVERLEA of £580,000 on 3rd November 2015. For the value to have increased from £580,000 to £748,541 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of OVERLEA has moved in line with the HPI for detached houses in the Winchester local authority area.
• The November 2015 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of OVERLEA has not materially changed since November 2015.

How Large is OVERLEA?

OVERLEA is 114m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% of detached houses houses in Meonstoke, based on EPC data. The below chart shows the distribution of detached houses houses by size in Meonstoke, and where OVERLEA lies on this distribution: 12% of detached houses houses are smaller than OVERLEA, and 88% of houses are larger. Note that EPC data is not available for all properties in Meonstoke.

OVERLEA: Plot and Title Map

OVERLEA sits on a plot of roughly 0.411 of an acre, or 1,665m². The below map shows the location of OVERLEA, 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 OVERLEA). 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 OVERLEA?

OVERLEA is located on POUND LANE in MEONSTOKE, in the SO32 postcode district. The below map shows the position of OVERLEA on POUND LANE.