33, THE LEA, VERWOOD, BH31 6XN - £325,000

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.

33 THE LEA is a small detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £390,150. It was last sold for £325,000 in February 2019, which was around 26% below the average February 2019 detached price in the Dorset local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

33 THE LEA Sold Prices

Land registry data shows five sales for 33 THE LEA since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the five 33 THE LEA 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
2019 14 FEB	£325,000	£440,190	26% below HPI
2007 20 FEB	£225,000	£327,258	31% below HPI
1999 18 FEB	£102,500	£130,309	21% below HPI
1996 16 AUG	£77,000	£99,357	23% below HPI
1995 28 APR	£78,450	£95,616	18% below HPI

33 THE LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The five 33 THE LEA sales between April 1995 and February 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 33 THE LEA be worth now?

33 THE LEA might now be worth an estimated £390,150.

This is based on house price inflation of 20%, between February 2019 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20% inflationary increase is applied to the most recent sale price for 33 THE LEA of £325,000 on 14th February 2019. For the value to have increased from £325,000 to £390,150 over the six years to February 2025, the following assumptions must hold true:

• The value of 33 THE LEA has moved in line with the HPI for detached houses in the Dorset local authority area.
• The February 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 33 THE LEA has not materially changed since February 2019.

How Large is 33 THE LEA?

33 THE LEA is 98m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses houses in Verwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Verwood, and where 33 THE LEA lies on this distribution: 34% of detached houses houses are smaller than 33 THE LEA, and 65% of houses are larger. Note that EPC data is not available for all properties in Verwood.

33 THE LEA: Plot and Title Map

33 THE LEA sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 33 THE LEA, 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 33 THE LEA). 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 33 THE LEA?

33 THE LEA is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 33 on THE LEA.