BACKWAYS, NEWBRIDGE ROAD, CADNAM, SOUTHAMPTON, SO40 2NX - £625,000

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

BACKWAYS is a midsized detached house of 114m², built sometime between 1950 and 1966. It was last sold for £625,000 in March 2024, which was around 13% above the average March 2024 detached price in the New Forest local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was C.

BACKWAYS Sold Prices

Land registry data shows three sales for BACKWAYS 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 BACKWAYS 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
2024 22 MAR	£625,000	£553,781	13% above HPI
2011 12 AUG	£450,000	£354,455	27% above HPI
1998 22 MAY	£58,000	£131,110	56% below HPI

BACKWAYS 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 BACKWAYS sales between May 1998 and March 2024 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 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the March 2024 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is BACKWAYS?

BACKWAYS is 114m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 50% of detached houses in Cadnam, based on EPC data. The below chart shows the distribution of detached houses by size in Cadnam, and where BACKWAYS lies on this distribution: 41% of detached houses are smaller than BACKWAYS, and 57% of houses are larger. Note that EPC data is not available for all properties in Cadnam.

BACKWAYS: Plot and Title Map

BACKWAYS sits on a plot of roughly 0.520 of an acre, or 2,103m². The below map shows the location of BACKWAYS, 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 BACKWAYS). 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 BACKWAYS?

BACKWAYS is located on NEWBRIDGE ROAD in CADNAM, in the SO40 postcode district. The below map shows the position of BACKWAYS on NEWBRIDGE ROAD.