THE LAURELS, SCHOOL ROAD, ROMSEY, SO51 7NY - £500,000

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

THE LAURELS is a large extended detached house of 147m², built sometime between 1930 and 1949, which could now be worth an estimated £569,590. It was last sold for £500,000 in October 2020, which was around 7% below the average October 2020 detached price in the Test Valley local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was C.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS 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 LAURELS sales was for below the average price, whilst the other was 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
2020 23 OCT	£500,000	£535,884	7% below HPI
2007 30 NOV	£407,000	£383,994	6% above HPI

THE LAURELS 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 LAURELS sales from November 2007 and October 2020 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 2007 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the October 2020 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £569,590.

This is based on house price inflation of 13.9%, between October 2020 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 13.9% inflationary increase is applied to the most recent sale price for THE LAURELS of £500,000 on 23rd October 2020. For the value to have increased from £500,000 to £569,590 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The October 2020 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since October 2020.

How Large is THE LAURELS?

THE LAURELS is 147m², which includes two extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 30% of detached houses houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Romsey, and where THE LAURELS lies on this distribution: 72% of detached houses houses are smaller than THE LAURELS, and 28% of houses are larger. Note that EPC data is not available for all properties in Romsey.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on SCHOOL ROAD in ROMSEY, in the SO51 postcode district. The below map shows the position of THE LAURELS on SCHOOL ROAD.