WILLOW BANK, HAMDOWN CRESCENT, EAST WELLOW, ROMSEY, SO51 6BJ - £515,000

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.

WILLOW BANK is a very small detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £504,255. It was last sold for £515,000 in March 2023, which was around 18% below the average March 2023 detached price in the Test Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

WILLOW BANK Sold Prices

Land registry data shows two sales for WILLOW BANK 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 WILLOW BANK 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
2023 8 MAR	£515,000	£629,873	18% below HPI
2009 8 JUL	£365,000	£329,896	11% above HPI

WILLOW BANK 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 WILLOW BANK sales from July 2009 and March 2023 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 2009 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2023 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might WILLOW BANK be worth now?

WILLOW BANK might now be worth an estimated £504,255.

This is based on house price deflation of 2.1%, between March 2023 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 2.1% deflationary decrease is applied to the most recent sale price for WILLOW BANK of £515,000 on 8th March 2023. For the value to have decreased from £515,000 to £504,255 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of WILLOW BANK has moved in line with the HPI for detached houses in the Test Valley local authority area.
• The March 2023 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of WILLOW BANK has not materially changed since March 2023.

How Large is WILLOW BANK?

WILLOW BANK is 103m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses houses in East Wellow, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Wellow, and where WILLOW BANK lies on this distribution: 13% of detached houses houses are smaller than WILLOW BANK, and 86% of houses are larger. Note that EPC data is not available for all properties in East Wellow.

WILLOW BANK: Plot and Title Map

WILLOW BANK sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of WILLOW BANK, 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 WILLOW BANK). 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 WILLOW BANK?

WILLOW BANK is located on HAMDOWN CRESCENT in EAST WELLOW, in the SO51 postcode district. The below map shows the position of WILLOW BANK on HAMDOWN CRESCENT.