REDROOF, TOOGOODS WAY, NURSLING, SOUTHAMPTON, SO16 0XL - £580,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

REDROOF is a very small detached house of 66m², built sometime between 1950 and 1966. It was last sold for £580,000 in July 2018, which was around 16% above the average July 2018 detached price in the Test Valley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

REDROOF Sold Prices

Land registry data shows two sales for REDROOF since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. One of the two REDROOF sales was for above the average price, whilst the other was 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
2018 12 JUL	£580,000	£501,161	16% above HPI
2016 30 NOV	£345,000	£478,203	28% below HPI

REDROOF Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The two REDROOF sales from November 2016 and July 2018 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 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2018 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is REDROOF?

REDROOF is 66m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses in Nursling, based on EPC data. The below chart shows the distribution of detached houses by size in Nursling, and where REDROOF lies on this distribution: 3% of detached houses are smaller than REDROOF, and 97% of houses are larger. Note that EPC data is not available for all properties in Nursling.

REDROOF: Plot and Title Map

REDROOF sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of REDROOF, 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 REDROOF). 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 REDROOF?

REDROOF is located on TOOGOODS WAY in NURSLING, in the SO16 postcode district. The below map shows the position of REDROOF on TOOGOODS WAY.