8, SARACEN CLOSE, PENNINGTON, LYMINGTON, SO41 8AT - £389,950

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.

8 SARACEN CLOSE is a small terraced house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £407,251. It was last sold for £389,950 in June 2021, which was around 38% above the average June 2021 terraced price in the New Forest local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

8 SARACEN CLOSE Sold Prices

Land registry data shows two sales for 8 SARACEN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the New Forest local authority area for the corresponding sale date. Both of the two 8 SARACEN CLOSE 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
2021 17 JUN	£389,950	£282,374	38% above HPI
2005 17 AUG	£245,000	£167,029	47% above HPI

8 SARACEN CLOSE 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 two 8 SARACEN CLOSE sales from August 2005 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 August 2005 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the June 2021 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 8 SARACEN CLOSE be worth now?

8 SARACEN CLOSE might now be worth an estimated £407,251.

This is based on house price inflation of 4.4%, between June 2021 and June 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 4.4% inflationary increase is applied to the most recent sale price for 8 SARACEN CLOSE of £389,950 on 17th June 2021. For the value to have increased from £389,950 to £407,251 over the four years to June 2025, the following assumptions must hold true:

• The value of 8 SARACEN CLOSE has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The June 2021 sale price of £389,950 represented a fair market value for the property.
• The size, condition, and specification of 8 SARACEN CLOSE has not materially changed since June 2021.

How Large is 8 SARACEN CLOSE?

8 SARACEN CLOSE is 107m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 40% 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 8 SARACEN CLOSE lies on this distribution: 31% of terraced houses houses are smaller than 8 SARACEN CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Lymington.

8 SARACEN CLOSE: Plot and Title Map

8 SARACEN CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 8 SARACEN CLOSE, 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 8 SARACEN CLOSE). 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 8 SARACEN CLOSE?

8 SARACEN CLOSE is located in PENNINGTON, in the SO41 postcode district. The below map shows the position of No. 8 on SARACEN CLOSE.