1, LICHEN WAY, MARCHWOOD, SOUTHAMPTON, SO40 4YA - £435,000

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

1 LICHEN WAY is a large extended detached house of 119m², built sometime between 1983 and 1990. It was last sold for £435,000 in September 2023, which was around 25% below the average September 2023 detached price in the New Forest local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

1 LICHEN WAY Sold Prices

Land registry data shows three sales for 1 LICHEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 1 LICHEN WAY 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
2023 12 SEP	£435,000	£578,252	25% below HPI
2016 23 SEP	£330,000	£441,498	25% below HPI
2013 3 JUN	£245,000	£345,548	29% below HPI

1 LICHEN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The three 1 LICHEN WAY sales between June 2013 and September 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 2016 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, which was also at 25% below the HPI.

How Large is 1 LICHEN WAY?

1 LICHEN WAY is 119m², which includes one extension, according to the EPC inspection conducted in January 2023. This puts it in the largest 40% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where 1 LICHEN WAY lies on this distribution: 66% of detached houses are smaller than 1 LICHEN WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

1 LICHEN WAY: Plot and Title Map

1 LICHEN WAY sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 1 LICHEN WAY, 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 1 LICHEN WAY). 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 1 LICHEN WAY?

1 LICHEN WAY is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 1 on LICHEN WAY.