7, LAKE ROAD, VERWOOD, BH31 6BU - £500,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

7 LAKE ROAD is a large detached house of 135m², built sometime between 1967 and 1975. It was last sold for £500,000 in September 2023, which was around 4% below the average September 2023 detached price in the Dorset local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

7 LAKE ROAD Sold Prices

Land registry data shows three sales for 7 LAKE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the three 7 LAKE ROAD sales was for below the average price, whilst two 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
2023 21 SEP	£500,000	£519,513	4% below HPI
2001 31 AUG	£236,000	£183,866	28% above HPI
1999 5 NOV	£150,000	£142,977	5% above HPI

7 LAKE ROAD 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 three 7 LAKE ROAD sales between November 1999 and September 2023 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 August 2001 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the September 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 7 LAKE ROAD?

7 LAKE ROAD is 135m² according to the EPC inspection conducted in March 2023. This puts it in the largest 30% of detached houses in Verwood, based on EPC data. The below chart shows the distribution of detached houses by size in Verwood, and where 7 LAKE ROAD lies on this distribution: 75% of detached houses are smaller than 7 LAKE ROAD, and 25% of houses are larger. Note that EPC data is not available for all properties in Verwood.

7 LAKE ROAD: Plot and Title Map

7 LAKE ROAD sits on a plot of roughly 0.117 of an acre, or 472m². The below map shows the location of 7 LAKE ROAD, 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 LAKE ROAD). 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 LAKE ROAD?

7 LAKE ROAD is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 7 on LAKE ROAD.