8, SPRINGFIELD CLOSE, LYMINGTON, SO41 3SR - £640,000

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.

8 SPRINGFIELD CLOSE is a midsized detached house of 127m², built sometime between 1950 and 1966, which could now be worth an estimated £814,265. It was last sold for £640,000 in June 2016, which was around 40% above the average June 2016 detached price in the New Forest local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was D.

8 SPRINGFIELD CLOSE Sold Prices

Land registry data shows three sales for 8 SPRINGFIELD CLOSE 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. All of the three 8 SPRINGFIELD 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
2016 2 JUN	£640,000	£457,797	40% above HPI
2008 30 SEP	£445,000	£350,125	27% above HPI
1998 14 JUL	£167,000	£139,643	20% above HPI

8 SPRINGFIELD CLOSE 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 8 SPRINGFIELD CLOSE sales between July 1998 and June 2016 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 September 2008 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the June 2016 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 8 SPRINGFIELD CLOSE be worth now?

8 SPRINGFIELD CLOSE might now be worth an estimated £814,265.

This is based on house price inflation of 27.2%, between June 2016 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 27.2% inflationary increase is applied to the most recent sale price for 8 SPRINGFIELD CLOSE of £640,000 on 2nd June 2016. For the value to have increased from £640,000 to £814,265 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 8 SPRINGFIELD CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The June 2016 sale price of £640,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SPRINGFIELD CLOSE has not materially changed since June 2016.

How Large is 8 SPRINGFIELD CLOSE?

8 SPRINGFIELD CLOSE is 127m² according to the EPC inspection conducted in January 2016. This puts it in the largest 50% 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 8 SPRINGFIELD CLOSE lies on this distribution: 52% of detached houses houses are smaller than 8 SPRINGFIELD CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lymington.

8 SPRINGFIELD CLOSE: Plot and Title Map

8 SPRINGFIELD CLOSE sits on a plot of roughly 0.128 of an acre, or 516m². The below map shows the location of 8 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD CLOSE?

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