2, LAKELAND GARDENS, MARCHWOOD, SOUTHAMPTON, SO40 4XG - £338,000

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 LAKELAND GARDENS is a very large extended detached house of 140m², built sometime between 1976 and 1982, which could now be worth an estimated £480,822. It was last sold for £338,000 in November 2014, which was around 17% below the average November 2014 detached price in the New Forest local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

2 LAKELAND GARDENS Sold Prices

Land registry data shows two sales for 2 LAKELAND GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two 2 LAKELAND GARDENS 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
2014 26 NOV	£338,000	£409,441	17% below HPI
2002 2 SEP	£230,000	£257,675	11% below HPI

2 LAKELAND GARDENS 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 two 2 LAKELAND GARDENS sales from September 2002 and November 2014 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 September 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2014 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2 LAKELAND GARDENS be worth now?

2 LAKELAND GARDENS might now be worth an estimated £480,822.

This is based on house price inflation of 42.3%, between November 2014 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 42.3% inflationary increase is applied to the most recent sale price for 2 LAKELAND GARDENS of £338,000 on 26th November 2014. For the value to have increased from £338,000 to £480,822 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 LAKELAND GARDENS has moved in line with the HPI for detached houses in the New Forest local authority area.
• The November 2014 sale price of £338,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKELAND GARDENS has not materially changed since November 2014.

How Large is 2 LAKELAND GARDENS?

2 LAKELAND GARDENS is 140m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the largest 20% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where 2 LAKELAND GARDENS lies on this distribution: 82% of detached houses houses are smaller than 2 LAKELAND GARDENS, and 18% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

2 LAKELAND GARDENS: Plot and Title Map

2 LAKELAND GARDENS sits on a plot of roughly 0.124 of an acre, or 500m². The below map shows the location of 2 LAKELAND GARDENS, 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 LAKELAND GARDENS). 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 LAKELAND GARDENS?

2 LAKELAND GARDENS is located in MARCHWOOD, in the SO40 postcode district. The below map shows the position of No. 2 on LAKELAND GARDENS.