VELMA, MONKS HILL, EMSWORTH, PO10 8SX - £290,000

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.

VELMA is a very small detached house of 77m², built sometime between 1930 and 1949, which could now be worth an estimated £389,079. It was last sold for £290,000 in September 2014, which was around 43% below the average September 2014 detached price in the Chichester local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

VELMA Sold Prices

Land registry data shows two sales for VELMA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Chichester local authority area for the corresponding sale date. Both of the two VELMA sales were for below 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
2014 1 SEP	£290,000	£507,341	43% below HPI
1995 30 MAR	£72,000	£130,942	45% below HPI

VELMA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chichester local authority area over time, sourced from the HPI. The two VELMA sales from March 1995 and September 2014 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 1995 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2014 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might VELMA be worth now?

VELMA might now be worth an estimated £389,079.

This is based on house price inflation of 34.2%, between September 2014 and June 2025, for detached houses, in the Chichester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.2% inflationary increase is applied to the most recent sale price for VELMA of £290,000 on 1st September 2014. For the value to have increased from £290,000 to £389,079 over the eleven years and three months to June 2025, the following assumptions must hold true:

• The value of VELMA has moved in line with the HPI for detached houses in the Chichester local authority area.
• The September 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of VELMA has not materially changed since September 2014.

How Large is VELMA?

VELMA is 77m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses houses in Westbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Westbourne, and where VELMA lies on this distribution: 9% of detached houses houses are smaller than VELMA, and 91% of houses are larger. Note that EPC data is not available for all properties in Westbourne.

VELMA: Plot and Title Map

VELMA sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of VELMA, 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 VELMA). 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 VELMA?

VELMA is located on MONKS HILL in EMSWORTH, in the PO10 postcode district. The below map shows the position of VELMA on MONKS HILL.