15, THE LEA, VERWOOD, BH31 6XN - £350,000

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.

15 THE LEA is a very small detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £419,794. It was last sold for £350,000 in July 2018, which was around 21% below the average July 2018 detached price in the Dorset local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

15 THE LEA Sold Prices

Land registry data shows two sales for 15 THE LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two 15 THE LEA 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
2018 19 JUL	£350,000	£440,575	21% below HPI
1999 29 SEP	£105,000	£141,851	26% below HPI

15 THE LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two 15 THE LEA sales from September 1999 and July 2018 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 1999 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 15 THE LEA be worth now?

15 THE LEA might now be worth an estimated £419,794.

This is based on house price inflation of 19.9%, between July 2018 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.9% inflationary increase is applied to the most recent sale price for 15 THE LEA of £350,000 on 19th July 2018. For the value to have increased from £350,000 to £419,794 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 15 THE LEA has moved in line with the HPI for detached houses in the Dorset local authority area.
• The July 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE LEA has not materially changed since July 2018.

How Large is 15 THE LEA?

15 THE LEA is 87m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Verwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Verwood, and where 15 THE LEA lies on this distribution: 20% of detached houses houses are smaller than 15 THE LEA, and 79% of houses are larger. Note that EPC data is not available for all properties in Verwood.

15 THE LEA: Plot and Title Map

15 THE LEA sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 15 THE LEA, 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 15 THE LEA). 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 15 THE LEA?

15 THE LEA is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 15 on THE LEA.