ERICA, HORTON ROAD, ASHLEY HEATH, RINGWOOD, BH24 2EH - £417,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ERICA is a midsized detached house of 139m², built sometime between 1967 and 1975, which could now be worth an estimated £506,021. It was last sold for £417,500 in August 2017, which was around 3% below the average August 2017 detached price in the Dorset local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was D.

ERICA Sold Prices

Land registry data shows four sales for ERICA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. two of the four ERICA sales were for below the average price, and four 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
2017 4 AUG	£417,500	£429,867	3% below HPI
2009 3 JUL	£175,000	£298,614	41% below HPI
2002 22 NOV	£320,000	£244,040	31% above HPI
2002 11 JAN	£240,000	£197,035	22% above HPI

ERICA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The four ERICA sales between January 2002 and August 2017 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 July 2009 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might ERICA be worth now?

ERICA might now be worth an estimated £506,021.

This is based on house price inflation of 21.2%, between August 2017 and December 2024, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.2% inflationary increase is applied to the most recent sale price for ERICA of £417,500 on 4th August 2017. For the value to have increased from £417,500 to £506,021 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of ERICA has moved in line with the HPI for detached houses in the Dorset local authority area.
• The August 2017 sale price of £417,500 represented a fair market value for the property.
• The size, condition, and specification of ERICA has not materially changed since August 2017.

How Large is ERICA?

ERICA is 139m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% of detached houses houses in Ashley Heath, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashley Heath, and where ERICA lies on this distribution: 46% of detached houses houses are smaller than ERICA, and 53% of houses are larger. Note that EPC data is not available for all properties in Ashley Heath.

ERICA: Plot and Title Map

ERICA sits on a plot of roughly 0.175 of an acre, or 710m². The below map shows the location of ERICA, 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 ERICA). 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 ERICA?

ERICA is located on HORTON ROAD in ASHLEY HEATH, in the BH24 postcode district. The below map shows the position of ERICA on HORTON ROAD.