2, VELVET LAWN ROAD, NEW MILTON, BH25 5GE - £395,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 VELVET LAWN ROAD is a small extended semi-detached house of 90m², built sometime between 1983 and 1990. It was last sold for £395,000 in June 2020, which was around 17% below the average June 2020 detached price in the New Forest local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

2 VELVET LAWN ROAD Sold Prices

Land registry data shows five sales for 2 VELVET LAWN ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the five 2 VELVET LAWN 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
2020 5 JUN	£395,000	£476,722	17% below HPI
2010 25 JAN	£260,000	£329,226	21% below HPI
2003 2 JUN	£245,000	£271,653	10% below HPI
2001 30 MAY	£177,000	£198,047	11% below HPI
1999 8 JUL	£139,000	£147,479	6% below HPI

2 VELVET LAWN 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 five 2 VELVET LAWN ROAD sales between July 1999 and June 2020 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 January 2010 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2020 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 VELVET LAWN ROAD?

2 VELVET LAWN ROAD is 90m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% 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 VELVET LAWN ROAD lies on this distribution: 29% of detached houses are smaller than 2 VELVET LAWN ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in New Milton.

2 VELVET LAWN ROAD: Plot and Title Map

2 VELVET LAWN ROAD sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 2 VELVET LAWN 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 VELVET LAWN 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 VELVET LAWN ROAD?

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