56, ALBION WAY, VERWOOD, BH31 7LR - £525,000

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.

56 ALBION WAY is a midsized detached house of 114m², built sometime between 1991 and 1995, which could now be worth an estimated £498,215. It was last sold for £525,000 in October 2022, which was around 6% below the average October 2022 detached price in the Dorset local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

56 ALBION WAY Sold Prices

Land registry data shows five sales for 56 ALBION WAY 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. The five 56 ALBION WAY sales were a mix of below the average price, roughly equal to the average price, and above 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 28 OCT	£525,000	£556,840	6% below HPI
2015 3 JUN	£377,500	£374,689	1% above HPI
2006 22 MAR	£297,500	£297,936	Close to HPI
2000 30 JUN	£185,000	£164,522	12% above HPI
1997 31 JUL	£129,995	£110,441	18% above HPI

56 ALBION WAY 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 56 ALBION WAY sales between July 1997 and October 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 June 2015 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 56 ALBION WAY be worth now?

56 ALBION WAY might now be worth an estimated £498,215.

This is based on house price deflation of 5.1%, between October 2022 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 5.1% deflationary decrease is applied to the most recent sale price for 56 ALBION WAY of £525,000 on 28th October 2022. For the value to have decreased from £525,000 to £498,215 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 56 ALBION WAY has moved in line with the HPI for detached houses in the Dorset local authority area.
• The October 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 56 ALBION WAY has not materially changed since October 2022.

How Large is 56 ALBION WAY?

56 ALBION WAY is 114m² according to the EPC inspection conducted in December 2014. This puts it in the largest 50% 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 56 ALBION WAY lies on this distribution: 54% of detached houses houses are smaller than 56 ALBION WAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Verwood.

56 ALBION WAY: Plot and Title Map

56 ALBION WAY sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 56 ALBION 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 56 ALBION 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 56 ALBION WAY?

56 ALBION WAY is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 56 on ALBION WAY.