1, THE LANES, NEW MILTON, BH25 5DG - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE LANES is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £400,000 in October 2017, which was around 18% below the average October 2017 detached price in the New Forest local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 THE LANES Sold Prices

Land registry data shows four sales for 1 THE LANES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the four 1 THE LANES 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
2017 24 OCT	£400,000	£485,311	18% below HPI
2014 15 JAN	£295,000	£360,106	18% below HPI
2005 30 MAR	£280,000	£305,144	8% below HPI
2003 10 JUN	£232,000	£271,653	15% below HPI

1 THE LANES 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 four 1 THE LANES sales between June 2003 and October 2017 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 January 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2017 sale, which was also at 18% below the HPI.

How Large is 1 THE LANES?

1 THE LANES is 80m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Ashley, based on EPC data. The below chart shows the distribution of detached houses by size in Ashley, and where 1 THE LANES lies on this distribution: 19% of detached houses are smaller than 1 THE LANES, and 80% of houses are larger. Note that EPC data is not available for all properties in Ashley.

1 THE LANES: Plot and Title Map

1 THE LANES sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 1 THE LANES, 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 THE LANES). 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 THE LANES?

1 THE LANES is located in NEW MILTON, in the BH25 postcode district. The below map shows the position of No. 1 on THE LANES.