3, SPRINGFIELD CLOSE, LYMINGTON, SO41 3SR - £1,150,000

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 SPRINGFIELD CLOSE is a large detached house of 163m², which could now be worth an estimated £1,276,533. It was last sold for £1,150,000 in October 2020, which was around 119% above the average October 2020 detached price in the New Forest local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

3 SPRINGFIELD CLOSE Sold Prices

Land registry data shows two sales for 3 SPRINGFIELD CLOSE 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 3 SPRINGFIELD CLOSE 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
2020 15 OCT	£1,150,000	£524,716	119% above HPI
2014 3 APR	£405,000	£389,690	4% above HPI

3 SPRINGFIELD CLOSE 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 3 SPRINGFIELD CLOSE sales from April 2014 and October 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 April 2014 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2020 sale, where it rises to 119% above the HPI. The line then continues to track at 119% above the HPI.

What might 3 SPRINGFIELD CLOSE be worth now?

3 SPRINGFIELD CLOSE might now be worth an estimated £1,276,533.

This is based on house price inflation of 11%, between October 2020 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 11% inflationary increase is applied to the most recent sale price for 3 SPRINGFIELD CLOSE of £1,150,000 on 15th October 2020. For the value to have increased from £1,150,000 to £1,276,533 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2020 sale price of £1,150,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRINGFIELD CLOSE has not materially changed since October 2020.

How Large is 3 SPRINGFIELD CLOSE?

3 SPRINGFIELD CLOSE is 163m² according to the EPC inspection conducted in March 2018. This puts it in the largest 30% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where 3 SPRINGFIELD CLOSE lies on this distribution: 77% of detached houses houses are smaller than 3 SPRINGFIELD CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Lymington.

3 SPRINGFIELD CLOSE: Plot and Title Map

3 SPRINGFIELD CLOSE sits on a plot of roughly 0.155 of an acre, or 628m². The below map shows the location of 3 SPRINGFIELD CLOSE, 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 SPRINGFIELD CLOSE). 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 SPRINGFIELD CLOSE?

3 SPRINGFIELD CLOSE is located in LYMINGTON, in the SO41 postcode district. The below map shows the position of No. 3 on SPRINGFIELD CLOSE.