2, CHARD LANE, RINGWOOD, BH24 3FJ - £500,000

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.

2 CHARD LANE is a large detached house of 128m², which could now be worth an estimated £543,826. It was last sold for £500,000 in February 2021, which was around 7% below the average February 2021 detached price in the New Forest local authority area. The most recent EPC inspection was May 2018, where the current energy rating was B, and the potential energy rating was A.

2 CHARD LANE Sold Prices

Land registry data shows three sales for 2 CHARD 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. Two of the three 2 CHARD LANE sales were for below the average price, whilst one was for above 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 26 FEB	£500,000	£535,511	7% below HPI
2018 29 JUN	£500,000	£506,582	1% below HPI
2016 1 JUL	£9,074,709	£459,450	1875% above HPI

2 CHARD 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 2 CHARD LANE sales between July 2016 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 June 2018 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the February 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 2 CHARD LANE be worth now?

2 CHARD LANE might now be worth an estimated £543,826.

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 2 CHARD LANE of £500,000 on 26th February 2021. For the value to have increased from £500,000 to £543,826 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 CHARD LANE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The February 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHARD LANE has not materially changed since February 2021.

How Large is 2 CHARD LANE?

2 CHARD LANE is 128m² according to the EPC inspection conducted in May 2018. This puts it in the largest 40% 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 2 CHARD LANE lies on this distribution: 61% of detached houses houses are smaller than 2 CHARD LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Ringwood.

2 CHARD LANE: Plot and Title Map

2 CHARD LANE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 2 CHARD 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 2 CHARD 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 2 CHARD LANE?

2 CHARD LANE is located in RINGWOOD, in the BH24 postcode district. The below map shows the position of No. 2 on CHARD LANE.