16, GRAVEL LANE, RINGWOOD, BH24 1LN - £432,000

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.

16 GRAVEL LANE is a midsized detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £469,866. It was last sold for £432,000 in February 2021, which was around 19% below the average February 2021 detached price in the New Forest local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

16 GRAVEL LANE Sold Prices

Land registry data shows three sales for 16 GRAVEL LANE 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 16 GRAVEL LANE 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
2021 5 FEB	£432,000	£535,511	19% below HPI
2006 27 JAN	£285,000	£321,540	11% below HPI
2002 8 OCT	£229,950	£268,027	14% below HPI

16 GRAVEL LANE 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 16 GRAVEL LANE sales between October 2002 and February 2021 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 2006 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 16 GRAVEL LANE be worth now?

16 GRAVEL LANE might now be worth an estimated £469,866.

This is based on house price inflation of 8.8%, between February 2021 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.8% inflationary increase is applied to the most recent sale price for 16 GRAVEL LANE of £432,000 on 5th February 2021. For the value to have increased from £432,000 to £469,866 over the four years to February 2025, the following assumptions must hold true:

• The value of 16 GRAVEL LANE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The February 2021 sale price of £432,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GRAVEL LANE has not materially changed since February 2021.

How Large is 16 GRAVEL LANE?

16 GRAVEL LANE is 115m² according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses houses in Ringwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ringwood, and where 16 GRAVEL LANE lies on this distribution: 51% of detached houses houses are smaller than 16 GRAVEL LANE, and 49% of houses are larger. Note that EPC data is not available for all properties in Ringwood.

16 GRAVEL LANE: Plot and Title Map

16 GRAVEL LANE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 16 GRAVEL LANE, 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 16 GRAVEL LANE). 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 16 GRAVEL LANE?

16 GRAVEL LANE is located in RINGWOOD, in the BH24 postcode district. The below map shows the position of No. 16 on GRAVEL LANE.