7, ELM AVENUE, PENNINGTON, LYMINGTON, SO41 8BD - £950,000

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

7 ELM AVENUE is a very large extended detached house of 263m², built sometime between 1950 and 1966. It was last sold for £950,000 in July 2022, which was around 61% above the average July 2022 detached price in the New Forest local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

7 ELM AVENUE Sold Prices

Land registry data shows three sales for 7 ELM AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Two of the three 7 ELM AVENUE sales were for above the average price, whilst one was 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 14 JUL	£950,000	£589,252	61% above HPI
2005 4 NOV	£420,000	£302,608	39% above HPI
2002 22 MAY	£163,500	£214,982	24% below HPI

7 ELM AVENUE 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 three 7 ELM AVENUE sales between May 2002 and July 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 November 2005 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the July 2022 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is 7 ELM AVENUE?

7 ELM AVENUE is 263m², which includes three extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where 7 ELM AVENUE lies on this distribution: 98% of detached houses are smaller than 7 ELM AVENUE, and 2% of houses are larger. Note that EPC data is not available for all properties in Lymington.

7 ELM AVENUE: Plot and Title Map

7 ELM AVENUE sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 7 ELM AVENUE, 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 7 ELM AVENUE). 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 7 ELM AVENUE?

7 ELM AVENUE is located in PENNINGTON, in the SO41 postcode district. The below map shows the position of No. 7 on ELM AVENUE.