THE FIRS, CHOLDERTON ROAD, GRATELEY, ANDOVER, SP11 8LH - £708,600

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

THE FIRS is a large extended detached house of 235m², built sometime between 1976 and 1982, which could now be worth an estimated £764,416. It was last sold for £708,600 in November 2021, which was around 24% above the average November 2021 detached price in the Test Valley local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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 THE FIRS 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
2021 24 NOV	£708,600	£571,699	24% above HPI
2011 18 NOV	£310,000	£362,275	14% below HPI

THE FIRS 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 THE FIRS sales from November 2011 and November 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 November 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £764,416.

This is based on house price inflation of 7.9%, between November 2021 and February 2025, 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 7.9% inflationary increase is applied to the most recent sale price for THE FIRS of £708,600 on 24th November 2021. For the value to have increased from £708,600 to £764,416 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The November 2021 sale price of £708,600 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since November 2021.

How Large is THE FIRS?

THE FIRS is 235m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the largest 30% of detached houses houses in Palestine, based on EPC data. The below chart shows the distribution of detached houses houses by size in Palestine, and where THE FIRS lies on this distribution: 74% of detached houses houses are smaller than THE FIRS, and 26% of houses are larger. Note that EPC data is not available for all properties in Palestine.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.417 of an acre, or 1,689m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on CHOLDERTON ROAD in GRATELEY, in the SP11 postcode district. The below map shows the position of THE FIRS on CHOLDERTON ROAD.