3, LAKE GROVE ROAD, NEW MILTON, BH25 5LA - £415,000

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.

3 LAKE GROVE ROAD is a very large extended detached house of 144m², built sometime between 1967 and 1975, which could now be worth an estimated £672,538. It was last sold for £415,000 in January 2012, which was around 15% above the average January 2012 detached price in the New Forest local authority area. The most recent EPC inspection was July 2011, where the current energy rating was E, and the potential energy rating was D.

3 LAKE GROVE ROAD Sold Prices

Land registry data shows three sales for 3 LAKE GROVE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 3 LAKE GROVE 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
2012 27 JAN	£415,000	£359,410	15% above HPI
2008 29 FEB	£375,000	£371,203	1% above HPI
1995 19 JUN	£142,500	£104,709	36% above HPI

3 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 three 3 LAKE GROVE ROAD sales between June 1995 and January 2012 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 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2012 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 LAKE GROVE ROAD be worth now?

3 LAKE GROVE ROAD might now be worth an estimated £672,538.

This is based on house price inflation of 62.1%, between January 2012 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 62.1% inflationary increase is applied to the most recent sale price for 3 LAKE GROVE ROAD of £415,000 on 27th January 2012. For the value to have increased from £415,000 to £672,538 over the twelve years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 LAKE GROVE ROAD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The January 2012 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LAKE GROVE ROAD has not materially changed since January 2012.

How Large is 3 LAKE GROVE ROAD?

3 LAKE GROVE ROAD is 144m², which includes one extension, according to the EPC inspection conducted in July 2011. 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 3 LAKE GROVE ROAD lies on this distribution: 81% of detached houses houses are smaller than 3 LAKE GROVE ROAD, and 19% of houses are larger. Note that EPC data is not available for all properties in New Milton.

3 LAKE GROVE ROAD: Plot and Title Map

3 LAKE GROVE ROAD sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of 3 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 3 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 3 LAKE GROVE ROAD?

3 LAKE GROVE ROAD is located in NEW MILTON, in the BH25 postcode district. The below map shows the position of No. 3 on LAKE GROVE ROAD.