3, WEST WAY, PENNINGTON, LYMINGTON, SO41 8DZ - £830,000

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 WEST WAY is a midsized extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £830,000 in January 2023, which was around 40% above the average January 2023 detached price in the New Forest local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

3 WEST WAY Sold Prices

Land registry data shows three sales for 3 WEST WAY 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. The three 3 WEST WAY sales were a mix of above the average price, and roughly equal to 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
2023 17 JAN	£830,000	£593,112	40% above HPI
2020 13 MAY	£641,000	£478,474	34% above HPI
2013 15 AUG	£352,500	£351,071	Close to HPI

3 WEST WAY 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 WEST WAY sales between August 2013 and January 2023 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 May 2020 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2023 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 3 WEST WAY?

3 WEST WAY is 123m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where 3 WEST WAY lies on this distribution: 48% of detached houses are smaller than 3 WEST WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Lymington.

3 WEST WAY: Plot and Title Map

3 WEST WAY sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 3 WEST WAY, 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 WEST WAY). 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 WEST WAY?

3 WEST WAY is located in PENNINGTON, in the SO41 postcode district. The below map shows the position of No. 3 on WEST WAY.