SILKSTEDE, MILL LANE, DROXFORD, SOUTHAMPTON, SO32 3QS - £865,000

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.

SILKSTEDE is a small detached house of 143m², built sometime between 1983 and 1990, which could now be worth an estimated £839,144. It was last sold for £865,000 in August 2022, which was around 9% above the average August 2022 detached price in the Winchester local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

SILKSTEDE Sold Prices

Land registry data shows five sales for SILKSTEDE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. Most of the five SILKSTEDE sales were for above 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
2022 31 AUG	£865,000	£793,991	9% above HPI
2016 22 MAR	£620,000	£646,079	4% below HPI
2012 14 DEC	£495,000	£483,323	2% above HPI
2007 12 JUL	£520,000	£461,759	13% above HPI
1999 14 JUL	£300,000	£208,894	44% above HPI

SILKSTEDE 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 five SILKSTEDE sales between July 1999 and August 2022 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 March 2016 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might SILKSTEDE be worth now?

SILKSTEDE might now be worth an estimated £839,144.

This is based on house price deflation of 3%, between August 2022 and February 2025, 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 3% deflationary decrease is applied to the most recent sale price for SILKSTEDE of £865,000 on 31st August 2022. For the value to have decreased from £865,000 to £839,144 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of SILKSTEDE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The August 2022 sale price of £865,000 represented a fair market value for the property.
• The size, condition, and specification of SILKSTEDE has not materially changed since August 2022.

How Large is SILKSTEDE?

SILKSTEDE is 143m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% of detached houses houses in Droxford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Droxford, and where SILKSTEDE lies on this distribution: 21% of detached houses houses are smaller than SILKSTEDE, and 79% of houses are larger. Note that EPC data is not available for all properties in Droxford.

SILKSTEDE: Plot and Title Map

SILKSTEDE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of SILKSTEDE, 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 SILKSTEDE). 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 SILKSTEDE?

SILKSTEDE is located on MILL LANE in DROXFORD, in the SO32 postcode district. The below map shows the position of SILKSTEDE on MILL LANE.