RENAISSANCE, OLD SPRING LANE, SWANMORE, SOUTHAMPTON, SO32 2RD - £525,000

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

RENAISSANCE is a small detached house of 119m², built sometime between 2003 and 2006, which could now be worth an estimated £536,445. It was last sold for £525,000 in February 2023, which was around 33% below the average February 2023 detached price in the Winchester local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

RENAISSANCE Sold Prices

Land registry data shows four sales for RENAISSANCE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. All of the four RENAISSANCE 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
2023 2 FEB	£525,000	£782,173	33% below HPI
2021 30 SEP	£500,000	£712,522	30% below HPI
2018 27 JUL	£393,000	£685,439	43% below HPI
2003 30 OCT	£110,000	£379,282	71% below HPI

RENAISSANCE 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 four RENAISSANCE sales between October 2003 and February 2023 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 September 2021 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2023 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might RENAISSANCE be worth now?

RENAISSANCE might now be worth an estimated £536,445.

This is based on house price inflation of 2.2%, between February 2023 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 2.2% inflationary increase is applied to the most recent sale price for RENAISSANCE of £525,000 on 2nd February 2023. For the value to have increased from £525,000 to £536,445 over the two months to December 2024, the following assumptions must hold true:

• The value of RENAISSANCE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The February 2023 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of RENAISSANCE has not materially changed since February 2023.

How Large is RENAISSANCE?

RENAISSANCE is 119m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in Swanmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swanmore, and where RENAISSANCE lies on this distribution: 33% of detached houses houses are smaller than RENAISSANCE, and 66% of houses are larger. Note that EPC data is not available for all properties in Swanmore.

RENAISSANCE: Plot and Title Map

RENAISSANCE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of RENAISSANCE, 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 RENAISSANCE). 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 RENAISSANCE?

RENAISSANCE is located on OLD SPRING LANE in SWANMORE, in the SO32 postcode district. The below map shows the position of RENAISSANCE on OLD SPRING LANE.