THE RETREAT, HILL VIEW ROAD, MICHELMERSH, ROMSEY, SO51 0NN - £765,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RETREAT is a midsized extended detached house of 166m², built sometime before 1900. It was last sold for £765,000 in June 2015, which was around 80% above the average June 2015 detached price in the Test Valley local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

THE RETREAT Sold Prices

Land registry data shows four sales for THE RETREAT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Test Valley local authority area for the corresponding sale date. two of the four THE RETREAT sales were for above the average price, and four 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
2015 26 JUN	£765,000	£425,700	80% above HPI
2010 21 MAY	£322,000	£365,457	12% below HPI
2005 19 AUG	£100,000	£325,136	69% below HPI
1995 24 NOV	£125,000	£117,907	6% above HPI

THE RETREAT 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 four THE RETREAT sales between November 1995 and June 2015 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 May 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2015 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is THE RETREAT?

THE RETREAT is 166m², which includes three extensions, according to the EPC inspection conducted in July 2024. This puts it in the smallest 50% of detached houses in Michelmersh, based on EPC data. The below chart shows the distribution of detached houses by size in Michelmersh, and where THE RETREAT lies on this distribution: 41% of detached houses are smaller than THE RETREAT, and 57% of houses are larger. Note that EPC data is not available for all properties in Michelmersh.

THE RETREAT: Plot and Title Map

THE RETREAT sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of THE RETREAT, 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 RETREAT). 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 RETREAT?

THE RETREAT is located on HILL VIEW ROAD in MICHELMERSH, in the SO51 postcode district. The below map shows the position of THE RETREAT on HILL VIEW ROAD.