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

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

16 GRAVEL LANE is a midsized detached house of 115m², built sometime between 1976 and 1982. It was last sold for £432,000 in February 2021, which was around 15% 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	£506,996	15% below HPI
2006 27 JAN	£285,000	£304,418	6% below HPI
2002 8 OCT	£229,950	£253,755	9% 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 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Ringwood, based on EPC data. The below chart shows the distribution of detached houses by size in Ringwood, and where 16 GRAVEL LANE lies on this distribution: 51% of detached houses are smaller than 16 GRAVEL LANE, and 48% 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.