2, LAKE GROVE ROAD, NEW MILTON, BH25 5LA - £440,000

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

2 LAKE GROVE ROAD is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £440,000 in August 2018, which was around 9% below the average August 2018 detached price in the New Forest local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

2 LAKE GROVE ROAD Sold Prices

Land registry data shows four sales for 2 LAKE GROVE ROAD 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 2 LAKE GROVE ROAD 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 16 AUG	£440,000	£482,100	9% below HPI
2016 19 FEB	£180,000	£431,181	58% below HPI
1998 24 SEP	£115,500	£136,998	16% below HPI
1996 20 SEP	£79,000	£104,872	25% below HPI

2 LAKE GROVE ROAD 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 2 LAKE GROVE ROAD sales between September 1996 and August 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 February 2016 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the August 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 LAKE GROVE ROAD?

2 LAKE GROVE ROAD is 80m² according to the EPC inspection conducted in June 2018. 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 2 LAKE GROVE ROAD lies on this distribution: 18% of detached houses are smaller than 2 LAKE GROVE ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in New Milton.

2 LAKE GROVE ROAD: Plot and Title Map

2 LAKE GROVE ROAD sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 2 LAKE GROVE ROAD, 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 LAKE GROVE ROAD). 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 LAKE GROVE ROAD?

2 LAKE GROVE ROAD is located in NEW MILTON, in the BH25 postcode district. The below map shows the position of No. 2 on LAKE GROVE ROAD.