WILLOW COTTAGE, BANNING STREET, ROMSEY, SO51 8GU - £400,000

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

WILLOW COTTAGE is a very large extended detached house of 256m², built sometime before 1900. It was last sold for £400,000 in December 2016, which was around 17% below the average December 2016 detached price in the Test Valley local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

WILLOW COTTAGE Sold Prices

Land registry data shows two sales for WILLOW COTTAGE 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 COTTAGE 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
2016 21 DEC	£400,000	£479,239	17% below HPI
2000 28 JUL	£268,000	£213,004	26% above HPI

WILLOW COTTAGE 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 COTTAGE sales from July 2000 and December 2016 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 2000 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the December 2016 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is WILLOW COTTAGE?

WILLOW COTTAGE is 256m², which includes four extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 10% of detached houses in Romsey, based on EPC data. The below chart shows the distribution of detached houses by size in Romsey, and where WILLOW COTTAGE lies on this distribution: 98% of detached houses are smaller than WILLOW COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Romsey.

WILLOW COTTAGE: Plot and Title Map

WILLOW COTTAGE sits on a plot of roughly 0.176 of an acre, or 714m². The below map shows the location of WILLOW COTTAGE, 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 COTTAGE). 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 COTTAGE?

WILLOW COTTAGE is located on BANNING STREET in ROMSEY, in the SO51 postcode district. The below map shows the position of WILLOW COTTAGE on BANNING STREET.