CHESTNUT COTTAGE, POUND LANE, BURLEY, RINGWOOD, BH24 4EE - £607,000

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.

CHESTNUT COTTAGE is a very small extended detached house of 88m², built sometime between 1950 and 1966, which could now be worth an estimated £704,695. It was last sold for £607,000 in September 2019, which was around 21% above the average September 2019 detached price in the New Forest local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

CHESTNUT COTTAGE Sold Prices

Land registry data shows two sales for CHESTNUT 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 CHESTNUT COTTAGE 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
2019 26 SEP	£607,000	£502,244	21% above HPI
1998 3 APR	£222,500	£138,287	61% above HPI

CHESTNUT 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 CHESTNUT COTTAGE sales from April 1998 and September 2019 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 April 1998 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the September 2019 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might CHESTNUT COTTAGE be worth now?

CHESTNUT COTTAGE might now be worth an estimated £704,695.

This is based on house price inflation of 16.1%, between September 2019 and March 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 16.1% inflationary increase is applied to the most recent sale price for CHESTNUT COTTAGE of £607,000 on 26th September 2019. For the value to have increased from £607,000 to £704,695 over the six years and six months to March 2025, the following assumptions must hold true:

• The value of CHESTNUT COTTAGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The September 2019 sale price of £607,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT COTTAGE has not materially changed since September 2019.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 88m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses houses in Burley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burley, and where CHESTNUT COTTAGE lies on this distribution: 12% of detached houses houses are smaller than CHESTNUT COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Burley.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 0.329 of an acre, or 1,332m². The below map shows the location of CHESTNUT 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 CHESTNUT 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on POUND LANE in BURLEY, in the BH24 postcode district. The below map shows the position of CHESTNUT COTTAGE on POUND LANE.