23, VELVET LAWN ROAD, NEW MILTON, BH25 5GE - £592,500

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.

23 VELVET LAWN ROAD is a very large extended detached house of 148m², built sometime between 1991 and 1995, which could now be worth an estimated £684,863. It was last sold for £592,500 in October 2019, which was around 18% above the average October 2019 detached price in the New Forest local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

23 VELVET LAWN ROAD Sold Prices

Land registry data shows four sales for 23 VELVET LAWN 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 23 VELVET LAWN ROAD sales were for above 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
2019 14 OCT	£592,500	£503,899	18% above HPI
2007 2 FEB	£430,000	£343,013	25% above HPI
1998 30 OCT	£171,000	£146,429	17% above HPI
1995 25 AUG	£149,950	£108,952	38% above HPI

23 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 four 23 VELVET LAWN ROAD sales between August 1995 and October 2019 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 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the October 2019 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 23 VELVET LAWN ROAD be worth now?

23 VELVET LAWN ROAD might now be worth an estimated £684,863.

This is based on house price inflation of 15.6%, between October 2019 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 15.6% inflationary increase is applied to the most recent sale price for 23 VELVET LAWN ROAD of £592,500 on 14th October 2019. For the value to have increased from £592,500 to £684,863 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 VELVET LAWN ROAD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2019 sale price of £592,500 represented a fair market value for the property.
• The size, condition, and specification of 23 VELVET LAWN ROAD has not materially changed since October 2019.

How Large is 23 VELVET LAWN ROAD?

23 VELVET LAWN ROAD is 148m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 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 23 VELVET LAWN ROAD lies on this distribution: 83% of detached houses houses are smaller than 23 VELVET LAWN ROAD, and 16% of houses are larger. Note that EPC data is not available for all properties in New Milton.

23 VELVET LAWN ROAD: Plot and Title Map

23 VELVET LAWN ROAD sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of 23 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 23 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 23 VELVET LAWN ROAD?

23 VELVET LAWN ROAD is located in NEW MILTON, in the BH25 postcode district. The below map shows the position of No. 23 on VELVET LAWN ROAD.