3, THE MEAD, HYTHE, SOUTHAMPTON, SO45 5AX - £311,000

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

3 THE MEAD is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £311,000 in September 2021, which was around 40% below the average September 2021 detached price in the New Forest local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

3 THE MEAD Sold Prices

Land registry data shows two sales for 3 THE MEAD 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 THE MEAD 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
2021 10 SEP	£311,000	£522,571	40% below HPI
2008 26 AUG	£207,500	£339,253	39% below HPI

3 THE MEAD 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 THE MEAD sales from August 2008 and September 2021 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 August 2008 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 3 THE MEAD?

3 THE MEAD is 62m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Hythe, based on EPC data. The below chart shows the distribution of detached houses by size in Hythe, and where 3 THE MEAD lies on this distribution: 7% of detached houses are smaller than 3 THE MEAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Hythe.

3 THE MEAD: Plot and Title Map

3 THE MEAD sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 3 THE MEAD, 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 THE MEAD). 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 THE MEAD?

3 THE MEAD is located in HYTHE, in the SO45 postcode district. The below map shows the position of No. 3 on THE MEAD.