SPRINGWOOD, 5, HADRIAN WAY, CHILWORTH, SOUTHAMPTON, SO16 7JA - £875,000

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

SPRINGWOOD is a very small extended detached house of 175m², built sometime between 1967 and 1975, which could now be worth an estimated £1,008,248. It was last sold for £875,000 in January 2021, which was around 65% above the average January 2021 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was D.

SPRINGWOOD Sold Prices

Land registry data shows three sales for SPRINGWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. All of the three SPRINGWOOD 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
2021 21 JAN	£875,000	£529,790	65% above HPI
2016 12 AUG	£520,000	£464,611	12% above HPI
2014 21 NOV	£495,000	£412,166	20% above HPI

SPRINGWOOD 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 three SPRINGWOOD sales between November 2014 and January 2021 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 August 2016 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2021 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might SPRINGWOOD be worth now?

SPRINGWOOD might now be worth an estimated £1,008,248.

This is based on house price inflation of 15.2%, between January 2021 and December 2024, for detached houses, in the Test Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.2% inflationary increase is applied to the most recent sale price for SPRINGWOOD of £875,000 on 21st January 2021. For the value to have increased from £875,000 to £1,008,248 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of SPRINGWOOD has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The January 2021 sale price of £875,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGWOOD has not materially changed since January 2021.

How Large is SPRINGWOOD?

SPRINGWOOD is 175m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Chilworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chilworth, and where SPRINGWOOD lies on this distribution: 13% of detached houses houses are smaller than SPRINGWOOD, and 87% of houses are larger. Note that EPC data is not available for all properties in Chilworth.

SPRINGWOOD: Plot and Title Map

SPRINGWOOD sits on a plot of roughly 0.366 of an acre, or 1,482m². The below map shows the location of SPRINGWOOD, 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 SPRINGWOOD). 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 SPRINGWOOD?

SPRINGWOOD is located on HADRIAN WAY in CHILWORTH, in the SO16 postcode district. The below map shows the position of SPRINGWOOD on HADRIAN WAY.