3, NEW ROAD, ROMSEY, SO51 7LL - £460,000

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 NEW ROAD is a small extended terraced house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £458,863. It was last sold for £460,000 in June 2023, which was around 60% above the average June 2023 terraced price in the Test Valley local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 NEW ROAD Sold Prices

Land registry data shows two sales for 3 NEW ROAD 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 NEW ROAD 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
2023 9 JUN	£460,000	£288,058	60% above HPI
2018 20 SEP	£406,000	£233,912	74% above HPI

3 NEW ROAD 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 NEW ROAD sales from September 2018 and June 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 September 2018 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the June 2023 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 3 NEW ROAD be worth now?

3 NEW ROAD might now be worth an estimated £458,863.

This is based on house price deflation of 0.2%, between June 2023 and March 2026, 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 0.2% deflationary decrease is applied to the most recent sale price for 3 NEW ROAD of £460,000 on 9th June 2023. For the value to have decreased from £460,000 to £458,863 over the three years and three months to March 2026, the following assumptions must hold true:

• The value of 3 NEW ROAD has moved in line with the HPI for terraced houses in the Test Valley local authority area.
• The June 2023 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NEW ROAD has not materially changed since June 2023.

How Large is 3 NEW ROAD?

3 NEW ROAD is 107m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% 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 NEW ROAD lies on this distribution: 32% of terraced houses houses are smaller than 3 NEW ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Romsey.

3 NEW ROAD: Plot and Title Map

3 NEW ROAD sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 3 NEW ROAD, 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 NEW ROAD). 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 NEW ROAD?

3 NEW ROAD is located in ROMSEY, in the SO51 postcode district. The below map shows the position of No. 3 on NEW ROAD.