BROAD LANE COTTAGE, MARTIN, FORDINGBRIDGE, SP6 3LN - £560,000

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

BROAD LANE COTTAGE is a very small extended detached house of 93m², built sometime before 1900. It was last sold for £560,000 in July 2024, which was around 2% below the average July 2024 detached price in the New Forest local authority area. The most recent EPC inspection was March 2024, where the current energy rating was G, and the potential energy rating was B.

BROAD LANE COTTAGE Sold Prices

Land registry data shows two sales for BROAD LANE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two BROAD LANE COTTAGE sales were 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 31 JUL	£560,000	£573,694	2% below HPI
2020 5 JUN	£330,000	£476,722	31% below HPI

BROAD LANE COTTAGE 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 two BROAD LANE COTTAGE sales from June 2020 and July 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 June 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is BROAD LANE COTTAGE?

BROAD LANE COTTAGE is 93m², which includes three extensions, according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses in Martin, based on EPC data. The below chart shows the distribution of detached houses by size in Martin, and where BROAD LANE COTTAGE lies on this distribution: 13% of detached houses are smaller than BROAD LANE COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Martin.

BROAD LANE COTTAGE: Plot and Title Map

BROAD LANE COTTAGE sits on a plot of roughly 0.137 of an acre, or 553m². The below map shows the location of BROAD LANE COTTAGE, 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 BROAD LANE COTTAGE). 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 BROAD LANE COTTAGE?

BROAD LANE COTTAGE is located in MARTIN, in the SP6 postcode district. The below map shows the position of BROAD LANE COTTAGE in MARTIN.