3, FIVE ELMS DRIVE, ROMSEY, SO51 5RN - £420,000

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.

3 FIVE ELMS DRIVE is a small extended terraced house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £448,756. It was last sold for £420,000 in February 2022, which was around 54% above the average February 2022 terraced price in the Test Valley local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

3 FIVE ELMS DRIVE Sold Prices

Land registry data shows two sales for 3 FIVE ELMS DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Test Valley local authority area for the corresponding sale date. Both of the two 3 FIVE ELMS DRIVE sales were 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
2022 4 FEB	£420,000	£272,508	54% above HPI
2014 12 MAR	£264,000	£176,605	49% above HPI

3 FIVE ELMS DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Test Valley local authority area over time, sourced from the HPI. The two 3 FIVE ELMS DRIVE sales from March 2014 and February 2022 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 March 2014 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the February 2022 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 3 FIVE ELMS DRIVE be worth now?

3 FIVE ELMS DRIVE might now be worth an estimated £448,756.

This is based on house price inflation of 6.8%, between February 2022 and June 2025, for terraced 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 6.8% inflationary increase is applied to the most recent sale price for 3 FIVE ELMS DRIVE of £420,000 on 4th February 2022. For the value to have increased from £420,000 to £448,756 over the two years and eight months to June 2025, the following assumptions must hold true:

• The value of 3 FIVE ELMS DRIVE has moved in line with the HPI for terraced houses in the Test Valley local authority area.
• The February 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FIVE ELMS DRIVE has not materially changed since February 2022.

How Large is 3 FIVE ELMS DRIVE?

3 FIVE ELMS DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of terraced houses houses in Romsey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Romsey, and where 3 FIVE ELMS DRIVE lies on this distribution: 27% of terraced houses houses are smaller than 3 FIVE ELMS DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Romsey.

3 FIVE ELMS DRIVE: Plot and Title Map

3 FIVE ELMS DRIVE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 3 FIVE ELMS DRIVE, 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 3 FIVE ELMS DRIVE). 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 3 FIVE ELMS DRIVE?

3 FIVE ELMS DRIVE is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 3 on FIVE ELMS DRIVE.