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

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 LAKE GROVE ROAD is a very small detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £503,281. It was last sold for £440,000 in August 2018, which was around 14% 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	£509,215	14% below HPI
2016 19 FEB	£180,000	£455,432	60% below HPI
1998 24 SEP	£115,500	£144,703	20% below HPI
1996 20 SEP	£79,000	£110,771	29% 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 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the August 2018 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 LAKE GROVE ROAD be worth now?

2 LAKE GROVE ROAD might now be worth an estimated £503,281.

This is based on house price inflation of 14.4%, between August 2018 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 14.4% inflationary increase is applied to the most recent sale price for 2 LAKE GROVE ROAD of £440,000 on 16th August 2018. For the value to have increased from £440,000 to £503,281 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 2 LAKE GROVE ROAD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The August 2018 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKE GROVE ROAD has not materially changed since August 2018.

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 houses in New Milton, based on EPC data. The below chart shows the distribution of detached houses houses by size in New Milton, and where 2 LAKE GROVE ROAD lies on this distribution: 18% of detached houses 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.