5, MILL WAY, TOTTON, SOUTHAMPTON, SO40 7JF - £366,000

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

5 MILL WAY is a small extended detached house of 80m², built sometime between 1991 and 1995. It was last sold for £366,000 in November 2022, which was around 38% below the average November 2022 detached price in the New Forest local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

5 MILL WAY Sold Prices

Land registry data shows two sales for 5 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 5 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
2022 18 NOV	£366,000	£594,769	38% below HPI
1999 29 JAN	£90,750	£140,874	36% below HPI

5 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 5 MILL WAY sales from January 1999 and November 2022 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 January 1999 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 5 MILL WAY?

5 MILL WAY is 80m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of detached houses in Totton, based on EPC data. The below chart shows the distribution of detached houses by size in Totton, and where 5 MILL WAY lies on this distribution: 23% of detached houses are smaller than 5 MILL WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Totton.

5 MILL WAY: Plot and Title Map

5 MILL WAY sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 5 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 5 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 5 MILL WAY?

5 MILL WAY is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 5 on MILL WAY.