1, THE LAURELS, 5A, VINCENT CLOSE, NEW MILTON, BH25 6FD - £417,500

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 THE LAURELS is a very small detached house of 77m², built sometime between 2007 and 2011. It was last sold for £417,500 in January 2022, which was around 27% below the average January 2022 detached price in the New Forest local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

1 THE LAURELS Sold Prices

Land registry data shows four sales for 1 THE LAURELS 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 LAURELS 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
2022 10 JAN	£417,500	£574,390	27% below HPI
2017 3 MAY	£325,000	£456,927	29% below HPI
2014 6 OCT	£249,950	£386,686	35% below HPI
2010 27 JAN	£225,000	£329,226	32% below HPI

1 THE LAURELS 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 LAURELS sales between January 2010 and January 2022 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 May 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the January 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 THE LAURELS?

1 THE LAURELS is 77m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses in New Milton, based on EPC data. The below chart shows the distribution of detached houses by size in New Milton, and where 1 THE LAURELS lies on this distribution: 16% of detached houses are smaller than 1 THE LAURELS, and 84% of houses are larger. Note that EPC data is not available for all properties in New Milton.

1 THE LAURELS: Plot and Title Map

1 THE LAURELS sits on a plot of roughly 0.034 of an acre, or 139m². The below map shows the location of 1 THE LAURELS, 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 LAURELS). 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 LAURELS?

1, THE LAURELS is located on VINCENT CLOSE in NEW MILTON, in the BH25 postcode district. The below map shows the position of 1, THE LAURELS on VINCENT CLOSE.