3, MICHELMERSH CLOSE, ROWNHAMS, SOUTHAMPTON, SO16 8DX - £205,000

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 MICHELMERSH CLOSE is a very small semi-detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £363,973. It was last sold for £205,000 in September 2011, which was around 1% below the average September 2011 semi-detached price in the Test Valley local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was D.

3 MICHELMERSH CLOSE Sold Prices

Land registry data shows four sales for 3 MICHELMERSH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Test Valley local authority area for the corresponding sale date. Most of the four 3 MICHELMERSH CLOSE 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
2011 8 SEP	£205,000	£208,014	1% below HPI
2006 8 SEP	£214,000	£202,864	5% above HPI
2002 3 JUL	£173,500	£138,077	26% above HPI
2000 15 DEC	£124,000	£112,993	10% above HPI

3 MICHELMERSH CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Test Valley local authority area over time, sourced from the HPI. The four 3 MICHELMERSH CLOSE sales between December 2000 and September 2011 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 September 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2011 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 MICHELMERSH CLOSE be worth now?

3 MICHELMERSH CLOSE might now be worth an estimated £363,973.

This is based on house price inflation of 77.5%, between September 2011 and February 2025, for semi-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 77.5% inflationary increase is applied to the most recent sale price for 3 MICHELMERSH CLOSE of £205,000 on 8th September 2011. For the value to have increased from £205,000 to £363,973 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 MICHELMERSH CLOSE has moved in line with the HPI for semi-detached houses in the Test Valley local authority area.
• The September 2011 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MICHELMERSH CLOSE has not materially changed since September 2011.

How Large is 3 MICHELMERSH CLOSE?

3 MICHELMERSH CLOSE is 76m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% of semi-detached houses houses in Rownhams, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Rownhams, and where 3 MICHELMERSH CLOSE lies on this distribution: 2% of semi-detached houses houses are smaller than 3 MICHELMERSH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Rownhams.

3 MICHELMERSH CLOSE: Plot and Title Map

3 MICHELMERSH CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 3 MICHELMERSH CLOSE, 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 MICHELMERSH CLOSE). 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 MICHELMERSH CLOSE?

3 MICHELMERSH CLOSE is located in ROWNHAMS, in the SO16 postcode district. The below map shows the position of No. 3 on MICHELMERSH CLOSE.