40, REAP LANE, PORTLAND, DT5 2JX - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 REAP LANE is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £275,000 in December 2020, which was around 39% below the average December 2020 detached price in the Dorset local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

40 REAP LANE Sold Prices

Land registry data shows three sales for 40 REAP LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three 40 REAP LANE 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
2020 10 DEC	£275,000	£452,113	39% below HPI
2016 4 MAR	£260,000	£385,097	32% below HPI
2001 10 AUG	£102,500	£183,866	44% below HPI

40 REAP LANE 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 three 40 REAP LANE sales between August 2001 and December 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 March 2016 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the December 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 40 REAP LANE?

40 REAP LANE is 79m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 40 REAP LANE lies on this distribution: 17% of detached houses are smaller than 40 REAP LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Southwell.

40 REAP LANE: Plot and Title Map

40 REAP LANE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 40 REAP LANE, 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 REAP LANE). 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 REAP LANE?

40 REAP LANE is located in PORTLAND, in the DT5 postcode district. The below map shows the position of No. 40 on REAP LANE.