40, MILL WAY, TOTTON, SOUTHAMPTON, SO40 7JF - £416,370

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

40 MILL WAY is a large extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £416,370 in April 2024, which was around 26% below the average April 2024 detached price in the New Forest local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

40 MILL WAY Sold Prices

Land registry data shows two sales for 40 MILL WAY 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 40 MILL WAY 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
2024 19 APR	£416,370	£561,376	26% below HPI
2018 31 OCT	£365,000	£484,866	25% below HPI

40 MILL 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 two 40 MILL WAY sales from October 2018 and April 2024 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 October 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 40 MILL WAY?

40 MILL WAY is 108m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses in Totton, based on EPC data. The below chart shows the distribution of detached houses by size in Totton, and where 40 MILL WAY lies on this distribution: 61% of detached houses are smaller than 40 MILL WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Totton.

40 MILL WAY: Plot and Title Map

40 MILL WAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 40 MILL 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 40 MILL 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 40 MILL WAY?

40 MILL WAY is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 40 on MILL WAY.