SILVERLEA, PAICE LANE, MEDSTEAD, ALTON, GU34 5PT - £700,000

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.

SILVERLEA is a midsized extended detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £651,425. It was last sold for £700,000 in October 2022, which was around 5% below the average October 2022 detached price in the East Hampshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

SILVERLEA Sold Prices

Land registry data shows two sales for SILVERLEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Hampshire local authority area for the corresponding sale date. Both of the two SILVERLEA 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
2022 21 OCT	£700,000	£736,333	5% below HPI
1996 12 JUL	£120,000	£134,036	10% below HPI

SILVERLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hampshire local authority area over time, sourced from the HPI. The two SILVERLEA sales from July 1996 and October 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 July 1996 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might SILVERLEA be worth now?

SILVERLEA might now be worth an estimated £651,425.

This is based on house price deflation of 6.9%, between October 2022 and February 2025, for detached houses, in the East Hampshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.9% deflationary decrease is applied to the most recent sale price for SILVERLEA of £700,000 on 21st October 2022. For the value to have decreased from £700,000 to £651,425 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of SILVERLEA has moved in line with the HPI for detached houses in the East Hampshire local authority area.
• The October 2022 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of SILVERLEA has not materially changed since October 2022.

How Large is SILVERLEA?

SILVERLEA is 149m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% of detached houses houses in Medstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Medstead, and where SILVERLEA lies on this distribution: 44% of detached houses houses are smaller than SILVERLEA, and 55% of houses are larger. Note that EPC data is not available for all properties in Medstead.

SILVERLEA: Plot and Title Map

SILVERLEA sits on a plot of roughly 0.230 of an acre, or 929m². The below map shows the location of SILVERLEA, 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 SILVERLEA). 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 SILVERLEA?

SILVERLEA is located on PAICE LANE in MEDSTEAD, in the GU34 postcode district. The below map shows the position of SILVERLEA on PAICE LANE.