7, GAINSBOROUGH COURT, LOWER PENNINGTON LANE, PENNINGTON, LYMINGTON, SO41 8FU - £395,000

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.

7 GAINSBOROUGH COURT is a small terraced house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £460,540. It was last sold for £395,000 in July 2018, which was around 53% above the average July 2018 terraced price in the New Forest local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was A.

7 GAINSBOROUGH COURT Sold Prices

Land registry data shows three sales for 7 GAINSBOROUGH COURT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the New Forest local authority area for the corresponding sale date. All of the three 7 GAINSBOROUGH COURT sales were 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
2018 31 JUL	£395,000	£257,889	53% above HPI
2006 24 OCT	£255,000	£179,440	42% above HPI
2003 16 JAN	£212,000	£131,917	61% above HPI

7 GAINSBOROUGH COURT Price Paid vs. HPI Average

The below graph shows the average terraced house price in the New Forest local authority area over time, sourced from the HPI. The three 7 GAINSBOROUGH COURT sales between January 2003 and July 2018 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 October 2006 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the July 2018 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 7 GAINSBOROUGH COURT be worth now?

7 GAINSBOROUGH COURT might now be worth an estimated £460,540.

This is based on house price inflation of 16.6%, between July 2018 and July 2025, for terraced 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 16.6% inflationary increase is applied to the most recent sale price for 7 GAINSBOROUGH COURT of £395,000 on 31st July 2018. For the value to have increased from £395,000 to £460,540 over the seven years to July 2025, the following assumptions must hold true:

• The value of 7 GAINSBOROUGH COURT has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The July 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GAINSBOROUGH COURT has not materially changed since July 2018.

How Large is 7 GAINSBOROUGH COURT?

7 GAINSBOROUGH COURT is 93m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 30% of terraced houses houses in Lymington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lymington, and where 7 GAINSBOROUGH COURT lies on this distribution: 22% of terraced houses houses are smaller than 7 GAINSBOROUGH COURT, and 78% of houses are larger. Note that EPC data is not available for all properties in Lymington.

7 GAINSBOROUGH COURT: Plot and Title Map

7 GAINSBOROUGH COURT sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of 7 GAINSBOROUGH COURT, 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 GAINSBOROUGH COURT). 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 GAINSBOROUGH COURT?

7 GAINSBOROUGH COURT is located on LOWER PENNINGTON LANE in PENNINGTON, in the SO41 postcode district. The below map shows the position of 7 GAINSBOROUGH COURT on LOWER PENNINGTON LANE.