2, THE LANES, NEW MILTON, BH25 5DG - £497,000

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 THE LANES is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £497,000 in July 2023, which was around 15% below the average July 2023 detached price in the New Forest local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

2 THE LANES Sold Prices

Land registry data shows two sales for 2 THE LANES 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 THE LANES 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
2023 24 JUL	£497,000	£582,635	15% below HPI
1998 24 NOV	£115,000	£141,037	18% below HPI

2 THE LANES 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 THE LANES sales from November 1998 and July 2023 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 November 1998 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 THE LANES?

2 THE LANES is 76m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Ashley, based on EPC data. The below chart shows the distribution of detached houses by size in Ashley, and where 2 THE LANES lies on this distribution: 13% of detached houses are smaller than 2 THE LANES, and 86% of houses are larger. Note that EPC data is not available for all properties in Ashley.

2 THE LANES: Plot and Title Map

2 THE LANES sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 THE LANES, 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 THE LANES). 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 THE LANES?

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