6, LOWER COMMON DRIVE, PENNINGTON, LYMINGTON, SO41 8QX - £515,000

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.

6 LOWER COMMON DRIVE is a small detached house of 105m², which could now be worth an estimated £550,050. It was last sold for £515,000 in June 2021, which was around 6% below the average June 2021 detached price in the New Forest local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

6 LOWER COMMON DRIVE Sold Prices

Land registry data shows two sales for 6 LOWER COMMON DRIVE 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. One of the two 6 LOWER COMMON DRIVE sales was for below the average price, whilst the other was for 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
2021 24 JUN	£515,000	£545,335	6% below HPI
2019 28 FEB	£875,000	£507,269	72% above HPI

6 LOWER COMMON DRIVE 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 6 LOWER COMMON DRIVE sales from February 2019 and June 2021 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 2019 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the June 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 6 LOWER COMMON DRIVE be worth now?

6 LOWER COMMON DRIVE might now be worth an estimated £550,050.

This is based on house price inflation of 6.8%, between June 2021 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.8% inflationary increase is applied to the most recent sale price for 6 LOWER COMMON DRIVE of £515,000 on 24th June 2021. For the value to have increased from £515,000 to £550,050 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 6 LOWER COMMON DRIVE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The June 2021 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 6 LOWER COMMON DRIVE has not materially changed since June 2021.

How Large is 6 LOWER COMMON DRIVE?

6 LOWER COMMON DRIVE is 105m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 30% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where 6 LOWER COMMON DRIVE lies on this distribution: 30% of detached houses houses are smaller than 6 LOWER COMMON DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lymington.

6 LOWER COMMON DRIVE: Plot and Title Map

6 LOWER COMMON DRIVE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 6 LOWER COMMON DRIVE, 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 6 LOWER COMMON DRIVE). 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 6 LOWER COMMON DRIVE?

6 LOWER COMMON DRIVE is located in PENNINGTON, in the SO41 postcode district. The below map shows the position of No. 6 on LOWER COMMON DRIVE.